AHMEDABAD: As part of its succession plan to allow the next generation to helm the affairs of the company, the board of the Ahmedabad-based
Torrent Power
(TPL) has appointed
Jinal Mehta
as managing director of
TPL
for a period of five years from April 1, 2018. He is currently a whole-time director.
The elder son of TPL executive chairman
Sudhir Mehta
, Jinal (35) has more than 11 years of experience in the power sector in both generation and distribution segments. As a whole-time director, he has been handling the distribution and transmission functions of the company since 2014.
As part of the top management rejig, Sudhir (63) has decided to step down from the post of executive chairman of the board from March 31, 2018. He will continue to serve as chairman emeritus.
In another decision, the board also approved the appointed of
Samir Mehta
(54) as the chairman of the company. Samir, who is younger brother of Sudhir, is at present the vice-chairman of the company.
Stay informed with the latest Business News on Times of India. Explore updates on International Business, gain insights with Financial Literacy tips, and make use of Financial Calculators. Don’t forget to check the list of Bank Holidays in 2025, including Bank Holidays in January.
Start a Conversation
Post comment