Ambuja Cements Limited at its meeting held on March 28, 2024 approved the appointment of Mr. Vinod Bahety as Chief Executive Officer (Key Managerial Personnel) of the Company for a term of three (3) years with effect from 1st April 2025; Reason for change: In alignment with Adani Group's internal leadership transitions and planning to continue fostering sustainable growth and an evolving leadership development consistent with the broader group and Company objectives, a leadership transition is proposed. Mr. Vinod Bahety has been serving as Chief Financial Officer of the Company and ACC Limited (Cement business) from 16th September 2022. He has now been elevated to the role of Wholetime Director and Chief Executive Officer (WTD & CEO) of the Company (Key Managerial Personnel) for a term of three (3) years effective from 1st April 2025.
Consequently, Mr. Bahety will relinquish his position as Chief Financial Officer of the Company with effect from close of business hours on 31st March 2025. Mr. Vinod Bahety is Chief Financial Officer of Cement business from 16th September 2022. He has more than 25 years of corporate experience in various leadership positions in the Manufacturing and Finance industries.
Prior to joining as the CFO of Cement business, he served as the Group Head for Merger & Acquisition at Adani Group. He played a crucial role in several major M&A mandates for the Group. During his tenure in the banking industry, he successfully led some of the largest mandates in infrastructure projects financing, contributing significantly to nation building.
He holds qualifications as a Chartered Accountant (CA) and a Cost and Works Accountant (CWA).
