Hitachi Energy on Wednesday announced the appointment of Ismo Antero Haka as the Chairman of the Board and of the Company with immediate effect.
He succeeds Achim Michael Braun, who has resigned from the position of Non-Executive Non-Independent Director and Chairman of the Company, as well as from the Board committees, with effect from the close of business hours on Wednesday.
Haka will continue to serve in his present role as Non-Executive and Non-Independent Director of the Company, in addition to the new responsibility as Chairman.
The Board, based on the recommendation of the Nomination and Remuneration Committee, also approved the appointment of Jan Niklas Persson as an Additional Director in the capacity of Non-Executive and Non-Independent Director, liable to retire by rotation.
His appointment is subject to the approval of shareholders. A brief profile of Persson has been enclosed as Annexure-A to the filing.
The company noted that Braun’s resignation, dated August 19, 2025, was tendered along with reasons specified in his letter, enclosed as Annexure-B to the regulatory disclosure.
Consequent to the changes in the Board composition, the company has also reconstituted certain committees of the Board of Directors effective August 20, 2025, details of which are provided in Annexure-D.
Additionally, based on the Audit Committee’s recommendation, the Board approved the issuance of a Postal Ballot Notice for seeking shareholders’ approval on the appointment of Persson as Director (Non-Executive and Non-Independent).
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