Shares of Suzlon Energy Ltd rose 3.5% on October 29 after the company's board approved the appointment of Rahul Jain as chief financial officer of the company, effective December 15.
Jain was previously the group chief financial officer at SRF Ltd for nearly 17 years. Prior to that, he worked with Jubilant Organosys Ltd for a decade, Suzlon Energy said in an exchange filing.
At 1:10 pm on October 29, Suzlon Energy shares on NSE were trading 3.3% higher at Rs 58.07 apiece.
Jain led financial transformation at SRF by streamlining systems, leveraging technology, and strengthening financial discipline during his tenure, the company said.
"With his strategic expertise in financial transformation, mergers and acquisitions, and fundraising, Rahul will play a pivotal role in strengthening our capabilities and building a future-ready conglomerate," Suzlon Group Vice Chairman Girish Tanti said.
Jain's work supported the company's inorganic and organic growth by identifying new avenues, unlocking capital allocation, etc. Prior to SRF, Rahul worked with Jubilant Organosys Ltd for a decade.
"I will work with other leaders on driving profitability, building a more sustainable business while further strengthening its financial resilience and creating long-term value for shareholders," Jain said.
The Suzlon Group is a leading global renewable energy solutions provider with 21+ GW of installed wind energy capacity across 17 countries.
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