Lava International has appointed Rajesh Sethi as the new Group CFO. Sethi will be responsible for overseeing Lava’s financial operations, enhancing financial systems and processes, and steering the company's fiscal strategies to support its growth plans, the company said in a statement.
The appointment follows Lava International's board restructuring last week under which the company's executive director Sunil Raina and chief manufacturing officer Sanjeev Agarwal joined the board as directors.
Anupam Shrivastava, a former managing director of BSNL, and Ajay Kumar Singh, former Lt Governor of Andaman & Nicobar Islands and Puducherry, joined as independent directors, the company said on May 24.
With a career spanning more than 27 years in financial management and strategic planning, Sethi previously served companies like Bharti Airtel, Telenor Group, Essar Group, and STER Group.
Sunil Raina, Executive Director, Lava International Ltd, commented on his appointment and said, “We are happy to have Rajesh Sethi as the Group CFO to play a key role in achieving our goals. His expertise and a wealth of experience in driving financial success will be instrumental in accelerating Lava’s future growth."
"The mobile and electronics industry is on a high growth trajectory and Lava has a great potential to tap into the opportunities with superior quality Made in India products. My strategy will be to strengthen financial resilience, corporate governance and generate capital for the ambitious growth plans of the company," Sethi said after becoming CFO.
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