Adani Power Appoints Dilip Kumar Jha as New Chief Financial Officer

In a significant move, the Adani Power board has announced the appointment of Dilip Kumar Jha as the company's new Chief Financial Officer (CFO), effective from April 1, 2024. This development comes as the current CFO, Shailesh Sawa, prepares to transition to a new role within the Adani portfolio of companies.

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Shailesh Sawa's Transition and New Role

Shailesh Sawa, who has served as the CFO of Adani Power since July 2020, will be relinquishing his position as part of a strategic leadership capability development initiative. Sawa will take on a new role in Group Regulatory Engagement, where he will contribute to the broader regulatory affairs of the Adani group.

Dilip Kumar Jha's Background and Experience

Dilip Kumar Jha, the incoming CFO, currently holds the position of Head Finance & Accounts within the Adani Portfolio of Companies. With his extensive experience and expertise in financial management, Jha is well-equipped to assume the role of Chief Financial Officer and drive the company's financial strategies.

Adani Leadership Acceleration Program

The Adani Leadership Acceleration Program, a six-year structured mentorship and leadership development initiative, plays a crucial role in this leadership transition. The program aims to develop engaged leaders who embody the values of building high-value businesses rooted in sustainability, social equity, and ethical governance.

Effective Date of Transition

To ensure a smooth transition, Shailesh Sawa will continue in his current role as CFO until the close of business hours on March 31, 2024. This will allow for a seamless handover of responsibilities and ensure continuity in the company's financial operations.

The appointment of Dilip Kumar Jha as the new Chief Financial Officer of Adani Power marks a significant step in the company's ongoing commitment to leadership development and employee engagement. With Jha's expertise and the support of the Adani Leadership Acceleration Program, Adani Power is poised for continued success and growth in the years to come.