CFO Appointments - Page 2

DigitalCFO Newsroom | 15 August 2022

Before his appointment to the new position, Kumar served as Executive Director (Finance) of Power Grid Corporation.

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is to inform that the Power Grid Board of Directors in their meeting held on 8th August 2022 have accorded approval for the appointment of Pramod Kumar, Executive Director (Finance) as Chief Financial Officer (CFO) of the Company with effect from 8th August 2022, Power Grid Corporation said in a regulatory filing to the stock exchanges.

Pramod Kumar is a fellow member of the Institute of Chartered Accountants of India (ICAI), having experience of 35 years in the power sector involving almost all areas of finance and accounting function i.e. finalization of corporate accounts, formulation of capital budget, coordination with internal/statutory/government auditors, concurrence of award activities, MIS, Fund Management etc., the company said.

Source: The Print

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DigitalCFO Newsroom | 2 August 2022

Unterrheiner will join ARPC in November 2022 from Gen Re, where he is currently CFO and Company Secretary for Australia and New Zealand for property and casualty reinsurance and life reinsurance.

ARPC stated that having spent almost 10 years at Gen Re, Unterrheiner has a strong understanding of both the Australian and global reinsurance sectors, with extensive knowledge of catastrophe reinsurance.

Unterrheiner also brings strong financial and actuarial leadership to ARPC.

He has held previous roles in chartered accountancy, financial control and capital management in professional services and financial services firms. He holds a Bachelor of Commerce in Accounting from Macquarie University and a Graduate Diploma in Chartered Accountancy from the Institute of Chartered Accountants.

ARPC CEO Chris Wallace said: “I am delighted that Scott is joining ARPC, as he will strengthen ARPC’s catastrophe reinsurance capability while insurers transition to the cyclone reinsurance pool, which for large insurers is by 31 December 2023. He will be a key contributor to both our continued work in terrorism reinsurance as well as building our cyclone reinsurance capability. The whole ARPC team looks forward to welcoming Scott to the team”.

ARPC’s interim CFO, Peter Matruglio, will continue in the role until Unterrheiner takes over in November 2022.

ARPC stated that Matruglio is an experienced non-executive director and interim executive with a deep career as a leader in the insurance and finance sectors in assurance and risk advisory in professional services firms.

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DigitalCFO Newsroom | 29 July 2022

 Elenium, experts in technology that moves you faster, has appointed Michelle Wright as Chief Financial Officer. Wright, a senior finance executive with over 20 years’ experience gained both domestically and internationally, joins Elenium’s Melbourne-based leadership team.

Elenium designs, develops, and manufactures self-service and automation technologies incorporating voice control and biometrics to reduce airport passenger congestion by up to 60 per cent.

Wright was Group Financial Controller at the Dulux Group and Chief Accountant for Coles at Wesfarmers. She joins Elenium from Caulfield Grammar where she was CFO and replaces David Mallinson.

Wright’s experience spans the retail, consumer, manufacturing, education and professional service sectors and includes a demonstrated history of ASX reporting, mergers and acquisition activity, and extensive board presentation and reporting experience. 

Elenium recently responded to the COVID-19 pandemic by heavily investing in its R&D and people to invent new touchless technologies that deliver a frictionless experience and keep people safe and confident wherever crowds gather in numbers, including entertainment, health, aged care and transport. Elenium was also recognised in Fast Company’s prestigious annual list of the World’s Most Innovative Travel Companies for 2022.

Its suite of products, VYGR (short for Voyager), is used in over 20 airports globally including Auckland Airport, Bangalore Airport, and Avalon Airport in Australia. The VYGR suite also includes an AI-powered bag drop that eliminates the need for bag tags.

Wright will oversee the financial management of the company which employs more than 85 staff, and designs, develops and manufactures in Australia. It has installations across Asia Pacific, Southeast Asia, Hong Kong, India, Middle East, Africa, Europe and the USA.

Aaron Hornlimann, CEO and Co-founder at Elenium says: “We are thrilled to have Michelle join our team. Her experience guiding major organisations will be invaluable as we prepare Elenium for its next stage of growth.”

Michelle Wright, newly appointed CFO at Elenium says: “Elenium has established an enviable reputation for innovation in multiple markets. I look forward to helping them pave the way for future growth domestically and internationally.”

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DigitalCFO Newsroom | 29 July 2022

Icertis, the contract intelligence company that pushes the boundaries of what’s possible with contract lifecycle management (CLM), announced today that it has appointed Rajat Bahri as Chief Financial Officer (CFO) to help guide the company through its next phase of growth.

An industry veteran, Bahri has held financial leadership roles at large public enterprises, pre-IPO companies, and at disruptive technology firms. Following senior leadership roles at Kraft Foods, Bahri transitioned to technology as CFO at Trimble Navigation and later at Jasper Technologies, where he executed Jasper’s acquisition by Cisco while on the company’s pre-IPO roadshow. He then served as CFO at e-commerce leader Wish, where he took the company public in a December 2020 IPO. Most recently Bahri was CFO at identify management provider ID.me and currently serves on the Board of Pacific Gas and Electric Company (PG&E).

Bahri succeeds Curt Anderson, who as CFO for the last four years operationalised and added rigor to finance during a period of significant growth, with a more than 500% increase in ARR (annual recurring revenue) and an approximately fourfold increase in employees during his tenure.

“Icertis is on a journey to transform the foundation of commerce, with contract intelligence quickly becoming the fifth system of record for the enterprise,” said Samir Bodas, Co-founder and CEO of Icertis. “Rajat fits perfectly with our FORTE culture and brings a wealth of financial and business expertise, to help Icertis capitalise on the opportunity ahead of us to be a consequential, enduring company.”

“Icertis is transforming the CLM category via strong partnerships with platform leaders such as SAP and Microsoft, working with the best global systems integrators in the world and delivering significant value to iconic customers. What especially excites me is the transformational ability of structuring the information in business contracts into data, connecting that data to operational systems, and using AI to increase revenue, reduce costs, ensure compliance and manage risk. I look forward to working with the Icertis team and our customers to ensure that the intent of every agreement is correctly memorialised and fully realised,” said Rajat Bahri, CFO at Icertis.

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DigitalCFO Newsroom | 12 July 2022

Iyer takes over from Preet Dhupar who has moved into a global role within Ingka Group. Iyer will be part of the Ikea India leadership team reporting to the retailer’s India’s chief executive officer and chief sustainability officer Susanne Pulverer.

As the chief financial officer, Iyer will lead Ikea India’s CFO function with purpose towards profit, leading the finance controlling, business navigation, legal, tax, customs, and business risk and compliance teams, the retailer said in an announcement on Thursday.

“I am excited to begin my journey in Ikea India and contribute to its ongoing growth journey. We are focusing on our priority markets and building a strong home furnishings foundation through our omni-channel expansion to be more accessible, affordable, and sustainable for the many people,” said Iyer.

Iyer comes with over two decades of experience across financial leadership, having worked with the Volvo Group in India and Sweden in multiple roles. With a keen business acumen and curiosity to learn, his experience across geographies and cultures has enabled businesses to overcome challenges for an inclusive growth, the company added.

In India, Ikea has three big format stores operational in cities of Hyderabad, Navi Mumbai and Bengaluru. A city center store opened in Mumbai in Dec 2021 and another one will open up later this year. Meanwhile, the retailer is also present online in Mumbai, Pune, Hyderabad, and Bengaluru.

Source: Mint

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DigitalCFO Newsroom | 12 July 2022

Adani Ports on Thursday announced the appointment of D Muthukumaran as the Chief Financial Officer (CFO) and Key Managerial Personnel of the company.

In a regulatory filing, the ports and logistics division of the Gautam Adaini-led Adani Group stated that the appointment was made in accordance with recommendations of the Nomination and Remuneration Committee and Audit Committee, the Board of Directors of the Company at its meeting held on 7th July. 

D. Muthukumaran is expected to join the company on July 25, 2022. 

A 1995-batch Chartered Accountant and Cost Accountant, Muthukumaran is told to have over 25 years of relevant experience in finance and accounts. In the past, he has held positions with organisations such as Deloitte, Lazard India Ltd., Aditya Birla Group, and Renew Power. He is renowned for having played a significant role in fundraising through private equity, public listing in international markets, and debt issuances in both domestic and international markets. 

Furthermore, the new CFO-hire is also told to specialize in structured finance, leverage buyouts and regulatory & tax structuring.

Shares of Adani Ports & SEZ Ltd. closed at Rs 703.60 on the National Stock Exchange (NSE) today, 1.33% higher than its previous close.

Source: Business Today

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DigitalCFO Newsroom | 7 July 2022

Rocket Software, a global technology leader that develops enterprise software for some of the world’s largest companies, today announced Bruce Bowden will serve as the company’s Chief Financial Officer (CFO). Bowden will take on this role as Rocket Software maintains a laser focus on continuous innovation to solve for customers’ complex—and ever-evolving—IT challenges. 

As CFO, Bowden will oversee Rocket Software’s finance, legal, and corporate development teams with a focus on driving enterprise transformation, growth and profitability. Bowden is a veteran CFO, having held the role most recently at Bottomline Technologies and Interactions LLC, where he was brought on board to help bring the company to its next level of growth and scale. Previously, Bowden led transformation, corporate strategy and development at Nuance Communications, where he instilled vision for organic growth and successfully boosted shareholder value. 

“Rocket Software has a long track record of innovation that has solidified the company’s position as the technology leader solving some of the world’s largest companies’ software and infrastructure challenges,” said Bowden. “Rocket’s success is rooted in that dedication to its customers—an incredibly strong foundation for the continued growth I’ll be focused on building as I join the team.” 

“Bruce’s history of driving above-market growth will strengthen our leadership team as we look to disrupt the marketplace by solving our customers’ most complex IT challenges through innovation and making the difficult simple,” said Milan Shetti, President and CEO, Rocket Software. 

For more information about Rocket Software’s executive management team, visit the leadership page. 

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DigitalCFO Newsroom | 28 June 2022

Eastspring has appointed Janelle Yeo as chief financial officer, effective immediately. Yeo has more than two decades of experience in financial services and joined Eastspring in 2008 with her most recent role being head of corporate strategy and M&A.

In another reshuffle, Terence Lim also joins Eastspring as its chief risk officer, according to a statement, effective August 29 and reporting to chief executive Seck Wai-Kwong.

Based in Singapore, he is tasked with overseeing compliance, risk and governance activities across Eastspring. He will also join the firm’s executive management committee. Lim has 20 years of experience, most recently at abrdn where he was its APAC chief risk officer.

Eastspring is Prudential’s investment management arm for Asia and has $258 billion in assets under management, as of end-2021.

Source: finews.asia

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DigitalCFO Newsroom | 27 June 2022

Colt Data Centre Services (DCS), a leading provider of global hyperscale and large enterprise data centre solutions, today announced the appointment of David Crowther to the role of Chief Financial Officer (CFO). Crowther will be responsible for leading and developing Colt DCS’ finance team to support and align with the business’s ambitious growth plans.

Crowther brings over 20 years of experience in senior financial positions, previously holding CFO roles at TelecityGroup and most recently Chime Communications. At TelecityGroup he was responsible for leading financial aspects of the company’s IPO and eventual sale to Equinix.

“I’m thrilled to be joining Colt DCS at this period of immense growth, and off the back of its ambitious expansion plans announced earlier in the year. I’m committed to ensuring that the finance team is an integral part of continuing to elevate Colt DCS’ reputation in the market, and commitments to sustainable growth and profitability.”

Crowther’s role as CFO will focus on several key aspects including, driving financial performance by focusing on project returns and profitability; improving governance such that Colt DCS maintains strong controls but also structuring them so that they are a business facilitator; and evolving the finance function in line with the Company’s growth needs such that it remains seamlessly integrated and supportive to the other key functions within Colt DCS.

Crowther’s role will also extend to helping Colt DCS measure the ESG investments that the business is currently undertaking on its journey to achieving net zero emissions by 2030.

“Our business has grown exponentially over that last 5-6 years, where we have seen Colt DCS become a serious contender in the hyperscale data centre space. David and the plethora of experience he brings given his background is testament to the calibre of talent that our business is attracting,” said Niclas Sanfridsson, CEO at Colt DCS. “Crowther will be an integral part of facilitating our ambitious expansion plans and positions the business as the most trusted, sustainable, customer-centric hyperscale data centre operator in the industry.”

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DigitalCFO Newsroom | 22 June 2022

Janus International Group, Inc., a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced the appointment of Anselm Wong as Executive Vice President and CFO, effective July 1, 2022. He will report directly to CEO Ramey Jackson. Wong will bring his 25 years of experience in finance leadership and strategy roles to oversee Janus’s finance organization, including financial planning and analysis, accounting and reporting, internal audit, corporate development, and investor relations.

Mr. Wong has a proven track record for driving financial performance and positioning technologically advanced market leaders for long-term growth. He joins Janus from General Electric (NYSE: GE), where he served as CFO of GE Digital, contributing his strong experience across financial control and reporting, corporate strategy, and business transformation. He previously served as Vice President and Deputy CFO at Resideo Technologies, where he was responsible for building a finance organization in connection with its spin-off from Honeywell International. Prior to that, he served in finance leadership roles at Honeywell for most of his career and held CFO positions for some of Honeywell’s largest business units.

Mr. Jackson stated, “Anselm is a strong leader with a history of producing outstanding results at complex multinational businesses. In addition to his deep financial acumen, his impressive background at technologically advanced industrial companies will be beneficial to many aspects of our expansion and development. This is an exciting time for our Company and I look forward to working with Anselm, along with the rest of the executive team, to continue building upon our sustainable, high-returns business centered on delivering premier solutions, effective technologies, and dependable service to our customers. We are excited for him to get started.”

Mr. Wong commented, “Janus is on a fantastic trajectory with a tremendous opportunity as the provider of choice for cutting-edge solutions in the self-storage, commercial, and industrial sectors. I am thrilled to join this outstanding leadership team and help execute on our strategic and financial goals to continue advancing our market-leading position as a world-class, global enterprise.”

Mr. Wong will succeed Scott Sannes. “We thank Scott for his dedication, hard work, and valuable contributions to our success over the past seven years,” concluded Mr. Jackson.

These changes are not the result of any matter relating to the Company’s accounting practices or financial statements.

Reaffirming Full Year 2022 Financial Guidance

Janus today also reaffirmed its financial guidance for the full year 2022, which it provided in connection with the announcement of its first quarter 2022 financial results on May 17, 2022.

Source: Yahoo Finance

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DigitalCFO Newsroom | 22 June 2022

The board of Grasim Industries on Thursday (16 June 2022) based on the recommendation of the nomination and remuneration committee and audit committee, have approved the appointment of Pavan Jain as the next chief financial officer (CFO) and key managerial personnel of the company with effect from 15th August 2022.
Jain’s appointment comes in the wake of Ashish Adukia’s plan to pursue career opportunities outside the Aditya Birla Group. He will be relieved from his current responsibilities as chief financial officer of the company with effect from 14th August 2022.

Pavan Jain is a Fellow Member of the Institute of Chartered Accountants of India and an Associate Member of the Institute of Company Secretaries of India. He has undergone Executive Development Program of The Wharton School, University of Pennsylvania, USA.

Jain has been with the Aditya Birla Group since 1991. Presently he is the Senior President, Grasim Industries and has a stellar career track record spanning over three decades in the Group in different stints with Birla White, Grey Cement and Grasim.

Grasim Industries is a leading diversified player with leadership presence across many sectors. It is a leading global producer of viscose staple fibre, the largest chlor-alkali, linen and insulators player in India. Through its subsidiaries, UltraTech Cement and Aditya Birla Capital, it is also India’s largest cement producer and a leading diversified financial services player. Grasim has also announced foray in decorative paints business.

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