MUMBAI: Adani Ports & SEZ is splitting the place of chairman and managing director. Gautam Adani will retain the chairman’s position and his son, Karan (36), will turn out to be the MD of the nation’s largest port operator.
Adani Ports has roped in former international COO of Nissan, Ashwani Gupta, as CEO of the corporate. Gautam is presently the CMD of Adani Ports, whereas Karan is its whole-time director and CEO.
The restructuring, mentioned a supply, is to maintain relations away from direct enterprise roles like CEO. Gautam’s childhood pal and confidant Malay Mahadevia has stepped down from the board of Adani Ports citing “pre-occupation and different skilled commitments inside the Adani Group”.
The management position restructuring will come into impact from Thursday. Gupta, who had a controversial tenure at Nissan the place he clashed with CEO Makoto Uchida, has been appointed as CEO and whole-time director of the Ahmedabad-based firm for 3 years. Gupta’s appointment is a strategic transfer to strengthen the corporate’s management place within the port sector, mentioned Karan, who has been the CEO since 2016.
Adani Ports additionally plans to lift Rs 5,000 crore via public issuance of non-convertible debentures (NCDs) to finance its necessities. The NCDs may have a face worth of Rs 1,000 every. In the course of the first 9 months of fiscal 2024, Adani Ports dealt with over 300 MMT of cargo, a progress of 23% in comparison with the identical interval of fiscal 2023.
Adani Ports has roped in former international COO of Nissan, Ashwani Gupta, as CEO of the corporate. Gautam is presently the CMD of Adani Ports, whereas Karan is its whole-time director and CEO.
The restructuring, mentioned a supply, is to maintain relations away from direct enterprise roles like CEO. Gautam’s childhood pal and confidant Malay Mahadevia has stepped down from the board of Adani Ports citing “pre-occupation and different skilled commitments inside the Adani Group”.
The management position restructuring will come into impact from Thursday. Gupta, who had a controversial tenure at Nissan the place he clashed with CEO Makoto Uchida, has been appointed as CEO and whole-time director of the Ahmedabad-based firm for 3 years. Gupta’s appointment is a strategic transfer to strengthen the corporate’s management place within the port sector, mentioned Karan, who has been the CEO since 2016.
Adani Ports additionally plans to lift Rs 5,000 crore via public issuance of non-convertible debentures (NCDs) to finance its necessities. The NCDs may have a face worth of Rs 1,000 every. In the course of the first 9 months of fiscal 2024, Adani Ports dealt with over 300 MMT of cargo, a progress of 23% in comparison with the identical interval of fiscal 2023.
