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Rashmi Mohanty is SBI Cards’ New CFO

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The appointment will be effective from 21 October. Presently, Mohanty serving as the Group CFO and Whole Time Director of Clix Capital. 

SBI Cards and Payment Services Limited (SBI Card) appointed Rashmi Mohanty as the company’s Chief Financial Officer (CFO) effective from 21 October. 

Mohanty will be new CFO succeeding Nalin Negi who served at SBI Card as CFO since December 2017. Negi had informed the company about his resignation in May and his serving tenure lasted till 31 July 2022.  Presently, Mohanty serving as the Group CFO and Whole Time Director of Clix Capital.  

“Mohanty is a Computer Science Engineer and holds a Post Graduate Diploma in Management, Finance & Marketing. She comes with a working experience of 27 in areas like fixed income, foreign exchange and derivatives market, treasury management and corporate finance,” said SBI Card during regulatory filing. 

“During her service period he has successfully built funding and treasury functions of organizations at various life cycles. Such cycles includes GE Capital, Religare and Vedanta,” it further added.

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Sanjay Kaushal Becomes CFO of Indian Oil Corporation

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Kaushal took charge as the CFO role succeeding Sandeep Kumar Gupta who was Director Finance at Indian oil. He is a fellow member of Institute of Cost Accountant of India and Institute of Company Secretaries of India.

The state-run fuel retailer Indian Oil Corporation Limited appoints Sanjay Kaushal as the new Chief Financial Officer (CFO) of the Company, with effect from October 3.

Kaushal took charge as the CFO role succeeding Sandeep Kumar Gupta who was Director Finance at Indian oil. Sandeep now took charge as Chairman & Managing Director (CMD) at GAIL Limited.

Informing the exchanges during regulatory filing, Indian oil said, “Director (Finance) (DIN-07570165) has ceased to be Director (Finance) of the Company with effect from 3 October 2022 (Afternoon) consequent upon his appointment as Chairman & Managing Director (CMD) on the Board of GAIL (India) Limited.”

Before this appointment Kaushal was heading the Corporate Affairs and Taxation Department of IndianOil and held the position of Executive Director (Corporate Affairs & Taxation). He has also served at various locations of IndianOil like Mathura Refinery, Barauni Refinery, Refinery Head office and corporate office.

Being a law graduate and and Certified Financial Analyst, he also holds fellow Membership of Institute of Cost Accountant of India and Institute of Company Secretaries of India.

The PSU in a clarification during exchange filing stated that Kaushal is not related to any other Director/ Key Managerial Personnel (KMP) of the company (complying the Companies law rule).

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Sungjoon Choi Becomes New Group CFO Of Epsilon

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Choi would be leading Epsilon’s global financial and legal strategy and would be responsible for related functions.

A Singapore based global interconnectivity provider Epsilon Telecommunications recognises Sungjoon Choi as its new Group Chief Financial Officer.

Choi would be leading Epsilon’s global financial and legal strategy and would be responsible for related functions. Along with Epsilon’s CEO Michel Robert, he will also work with the wider leadership team.

In order to support Epsilon’s global growth plan, Choi will also have responsibility to work with parent company KT Corp.

The company in a press release said, “Choi brings a wealth of industry and financial expertise to Epsilon. He has been playing role of KT’s Finance Management Office for over 10 years, and also spent seven years in the Marketing Strategy Office accelerating KT’s roadmap with key market insights. Between working in the two functions, he also completed MBA from Duke University’s Fuqua Business School.”

“Ever since KT’s acquisition of Epsilon in September 2021, the companies have been working closely to combine Epsilon’s agile innovation in international networking with KT’s world-class telecommunications services, customers, leadership, and resources,” the press release further stated.