Kirloskar Oil Engines Limited has announced that Mr. Sanjay D. Parande, Chief Financial Officer and Executive Vice President of the company will be retiring from the services of the company with effect from close of working hours of January 31, 2013. In the Board Meeting held on January 22, 2013, Mr. T. Vinodkumar has been appointed as Chief Financial Officer (CFO) of the company in place of Mr. Sanjay D. Parande with effect from February 01, 2013.