Siemens Energy India Limited announces its Board of Directors
The
Board of Siemens Energy India Limited at its meeting held on March 25, 2025,
appointed Mr. Sunil Mathur, Managing Director and Chief Executive Officer of
Siemens Limited and Non-Executive Non-Independent Director of the Company, as
the Chairman of the newly constituted Board of Directors.
Mr.
Guilherme Mendonca, who was the Head of Siemens Limited’s Energy Business,
takes over as the Managing Director and Chief Executive Officer of the Company,
while Mr. Harish Shekar, who was the Finance Head of Siemens Limited’s Energy
Business, has been appointed as the Executive Director and Chief Financial
Officer of the Company.
The
Board also appointed Mr. Ketan Dalal, founder of Katalyst Advisors, a boutique
structuring and tax firm; Mr. Subodh Kumar Jaiswal, a retired IPS Officer; and
Ms. Swati Salgaocar, Director, Vimson Group, as Independent Directors of the
Company.
Mr.
Karl-Heinz Seibert, Corporate Vice President and Head of Mergers, Acquisitions
and Post Closing Management of Siemens AG; Dr. Juergen Wagner, Corporate
Financial Controller and Chief Accountant of Siemens AG; and Mr Tim Holt,
Member of the Executive Board and Labor Director of Siemens Energy AG, have
also been appointed as Non-Executive Non-Independent Directors of the Company.
Mr.
Ketan Thaker, Non-Executive Non-Independent Director of the Company since
February 2024 has ceased to be a Director, effective from April 1, 2025.
The
demerger of Siemens Energy India Limited from Siemens Limited has become
effective from March 25, 2025, following all necessary approvals. The
subsequent listing of Siemens Energy India Limited is expected to be completed
in CY 2025.
Welcoming the Board of Siemens Energy India Limited, Sunil Mathur, Chairman of the Board of Siemens Energy India Limited, said, "I am delighted to announce the appointment of our distinguished Board of Directors, who will steer Siemens Energy India Limited on this exciting new chapter. We also welcome Guilherme Mendonca as the Managing Director and Chief Executive Officer and Harish Shekar as the Executive Director and Chief Financial Officer. Both bring a wealth of experience from their successful tenures at Siemens and have been integral to Siemens' growth in India. With their leadership, I am confident that we will continue to deliver exceptional value to our customers and shareholders, driving forward the energy transition in India."
Comments
Post a Comment