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Sanjay Malhotra Appointed As RBI Governor

Sanjay Malhotra Appointed As RBI Governor

Revenue Secretary Sanjay Malhotra has been named the Governor of the Reserve Bank of India (RBI) for a three-year term, starting Wednesday, as per media reports.

A 1990-batch Indian Administrative Service (IAS) officer from the Rajasthan cadre, Malhotra holds a degree in Computer Science from the Indian Institute of Technology (IIT), Kanpur and a Master’s in Public Policy from Princeton University, USA.

With a career spanning over 33 years, Malhotra has held key positions across sectors such as power, finance, taxation, information technology, and mining. 

Prior to his role as Revenue Secretary, he served as Secretary in the Department of Financial Services. 

Vicarious Surgical CFO To Depart

Vicarious Surgical CFO To Depart

Vicarious Surgical Inc. has announced that its Chief Financial Officer (CFO), William Kelly, will be leaving the company to explore new career opportunities.

Kelly, who has been with the company since January 2021, will step down on January 2, 2025, after nearly four years of service.

To ensure a smooth transition, Kelly will assist the company in handing over his responsibilities. Meanwhile, Vicarious Surgical has begun the search for a new CFO and will share updates as the process progresses.

Adani Wilmar Elevates CFO Shrikant Kanhere To Deputy CEO

Adani Wilmar Elevates CFO Shrikant Kanhere To Deputy CEO

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Adani Wilmar Limited (AWL) has named Shrikant Kanhere as its Deputy Chief Executive Officer (CEO), effective immediately.

Kanhere will retain his position as Chief Financial Officer while stepping into this expanded leadership role.

With over 25 years of experience spanning consulting, manufacturing, services, and FMCG industries, Kanhere joined AWL in 2013. Before that, he held key roles at Reliance Industries and Vodafone Digilink.

In his new role, Kanhere will collaborate with Saumin Sheth, Chief Operating Officer and Managing Director & Angshu Mallick, CEO.

David Neal Appointed Global CFO Of DEPT

David Neal Appointed Global CFO Of DEPT

Neal succeeds Mickey Kalifa, who served as DEPT’s CFO for the past two years.

Global digital agency DEPT has named David Neal as its new Global Chief Financial Officer (CFO). Neal will lead the global finance and operations team, focusing on innovation, process optimization, and positioning finance as a strategic partner to the business.

With extensive experience in the marketing and advertising sectors across South and Southeast Asia, Neal has held global leadership roles, including his most recent position as Global CFO for Dentsu Creative and Dentsu’s production unit, Tag.

Based in London, Neal aims to transform DEPT’s finance operations into a strategic business ally, strengthening collaboration with key departments such as Operations and People & Culture. He also plans to leverage AI to modernize financial processes and drive a culture of curiosity and innovation, according to a company statement.

Thyssenkrupp CFO Resigns Months After Appointment To Join Deutsche Boerse

Thyssenkrupp CFO Resigns Months After Appointment To Join Deutsche Boerse

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Thyssenkrupp, a global industrial engineering and steel production powerhouse has announced that its Chief Financial Officer, Jens Schulte, will step down to assume the Chief Financial Officer (CFO) position at Deutsche Boerse. The decision, made by mutual consent, was disclosed in a company statement on Thursday, as per media reports.

Schulte, who was appointed as Thyssenkrupp’s CFO for a three-year term in November 2023, officially took office on June 1, 2024. His unexpected departure marks a significant shift for the German industrial giant as it navigates its ongoing restructuring efforts.

Mastek Global CFO Arun Agarwal Steps Down

Mastek Global CFO Arun Agarwal Steps Down

Mastek, a leading IT services provider, has announced the resignation of Arun Agarwal as its Global Chief Financial Officer (CFO) and Key Managerial Personnel. The resignation, submitted on December 3, 2024, has been formally communicated to the stock exchanges, according to media reports.

Agarwal, who has significantly contributed to Mastek’s financial and strategic initiatives, will remain involved during the transition. He will assist in identifying and onboarding his successor over the coming months to ensure a seamless leadership transition and continuity in operations.

iStreet Network Appoints Akshay Sapkal as Chief Financial Officer

iStreet Network Appoints Akshay Sapkal As Chief Financial Officer

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iStreet Network has announced the appointment of Akshay Sapkal as the Chief Financial Officer (CFO) of the company. The decision was approved by the Board of Directors through a resolution passed on December 6, 2024, in accordance with the provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sapkal holds a Master of Commerce degree from Mumbai University and is a qualified accountant by profession. 

With three years of diverse global experience, he has expertise in taxation, financial accounting and reporting. Previously, he served as an Accountant with M/s. Bohara Shah & Co., a Chartered Accountancy firm.

Cummins India CFO Ajay Patil Resigns

Cummins India CFO Ajay Patil Resigns

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Cummins India has announced that its Chief Financial Officer (CFO), Ajay Shriram Patil, has filed his resignation. The development was shared through an exchange filing, confirming that Patil will part ways with the organisation on January 9, 2025.

Patil, who has been a key managerial personnel at the company, has stepped down citing “personal reasons,” as per media reports. His contributions have been integral to the company’s financial operations and overall growth.

Cummins India, a prominent manufacturer and distributor of engines, filtration products, and power generation systems, did not reveal details about Patil’s replacement in its filing.

Vestas CFO To Step Down

Vestas CFO Hans Martin Smith Resigns

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Vestas CFO Hans Martin Smith will step down by year-end as the wind turbine maker faces profit margin pressures amid rising costs and warranty provisions.

Denmark-based wind turbine manufacturer Vestas has announced that Chief Financial Officer Hans Martin Smith will step down by the end of the year. The company has initiated a search for his replacement, as per media reports.

Last month, Vestas reported a lower-than-expected core profit for the third quarter and cautioned that its annual profit margin would likely hit the lower end of its forecast range due to rising costs and increased warranty provisions.

Bumble CFO Steps Down Amid Leadership Changes

Bumble CFO Steps Down Amid Leadership Changes

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Bumble has initiated a search for a new Chief Financial Officer (CFO) following the resignation of Anu Subramanian, who informed the company last week of her decision to leave for unspecified opportunities outside the organization, according to the media reports.

Subramanian, who played a pivotal role in Bumble’s 2021 IPO and has served as CFO since 2020, will remain in her role through March 14. She will oversee the company’s year-end earnings.

Her departure coincides with other leadership shifts at Bumble. Chief Marketing Officer (CMO) Selby Drummond is set to exit the company in January. Additionally, Bumble has appointed Neil Shah, a seasoned executive with experience at Slack and Twitter, as its Chief Business Officer (CBO). 

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