ReNew Appoints Kailash Vaswani as Chief Financial Officer
07 Setembro 2023 - 9:53AM
Business Wire
The Board of Directors (the “Board”) of ReNew Energy Global plc
(“ReNew”) accepted the resignation of Mr. Kedar Upadhye as the
Chief Financial Officer of ReNew Energy Global Plc, on September 6,
2023. Mr. Upadhye’s resignation will be effective on October 30,
2023. Mr. Upadhye is resigning to pursue an opportunity outside
ReNew in a products-driven sector and his decision to resign is
purely for personal reasons and not a result of any dispute or
disagreement with ReNew, its Board or management, or any matters
relating to the operations, performance, policies, or practices of
ReNew. The Board thanks Mr. Upadhye for his services and wishes him
well in his future endeavors.
Mr. Upadhye will continue as ReNew’s Chief Financial Officer
until the effective date of his resignation. Following Mr.
Upadhye’s resignation, Mr. Kailash Vaswani has been appointed as
Chief Financial Officer of ReNew with effect from October 31,
2023.
Mr. Upadhye said: “ReNew is a leader in the India renewables
market including in governance and controls and I believe the
company has a tremendous future ahead of it. I want to thank the
Board and the senior management of ReNew, in particular Sumant, for
a rewarding experience.”
Mr. Vaswani is President, Corporate Finance at ReNew, previously
served as an interim CFO and is one of the founding team members of
the company. He has been instrumental in raising over US$15 billion
of debt and equity for the company since its inception. In
addition, Mr. Vaswani has been responsible for M&A deals with
several marquee investors and has also led treasury, capital
allocation, IR and cash management. As part of ReNew’s senior
management, he has significantly contributed to the company’s
growth by being involved in strategic decisions and organization
building as well as the growth of the asset portfolio through
organic and inorganic additions.
Mr. Vaswani is a chartered accountant and previously worked in
financial markets. He started his career as a Research Analyst at
CRISIL (owned by S&P and India’s leading rating provider)
before moving to Morgan Stanley in a fixed income research role
covering the US and European bond markets. Mr. Vaswani also worked
at Aditya Birla Group and Saffron Asset Advisors in various
corporate finance and investment roles and helped them with
investment decisions in excess of US$6.5 billion in India and the
United States.
Mr. Vaswani said: “I am excited to take on this role and
continue my journey of building ReNew to make it the best
decarbonization solution provider in the world. This is just the
start of a multi-decade energy transition opportunity, and I am
very excited to be part of the ReNew team.”
Mr. Sumant Sinha, Founder, Chairman and CEO, ReNew, said: “It is
unfortunate to see Kedar leaving but we recognize that people have
personal reasons. We wish him well. We are fortunate to have
somebody of the caliber of Kailash in our organization and are
delighted that he can take over the CFO role. Kailash has been
instrumental in helping ReNew attain a leadership position in the
sector through his decade of fundraising and finance activities at
ReNew.”
About ReNew
ReNew is India’s leading decarbonisation solutions company
listed on Nasdaq (Nasdaq: RNW, RNWWW). ReNew's clean energy
portfolio of approximately 13.7GW on a gross basis as of June 30,
2023, is one of the largest globally. In addition to being a major
independent power producer in India, ReNew provides end-to-end
solutions in a just and inclusive manner in the areas of clean
energy, value-added energy offerings through digitalisation,
storage, and carbon markets that increasingly are integral to
addressing climate change. For more information, visit renew.com
and follow us on LinkedIn, Facebook, Twitter and Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20230907543952/en/
Press Enquiries ReNew | Shilpa Narani |
shilpa.narani@renew.com
Investor Enquiries ReNew | Nathan Judge, Nitin Vaid |
ir@renew.com
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