December 16, 2024 13:55 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Bangladesh likely to hold national polls in late 2025 or early 2026, says Yunus in Victory Day speech | Constitution stood test of time: Nirmala Sitharaman in Rajya Sabha | PM Museum requests Rahul Gandhi to return Pandit Nehru's historical letters | Indian tabla maestro Zakir Hussain dies at 73 in San Francisco, confirms family | Kolkata woman strangled, beheaded and chopped into pieces for refusing brother-in-law's advances | Arvind Kejriwal, CM Atishi to contest Delhi polls from current constituencies | Atul Subhash suicide case: Wife Nikita, her mother and brother arrested | Pushpa 2 stampede: Allu Arjun walks out of jail, actor's lawyer slams delay in release | Donald Trump intends to end 'inconvenient' and 'very costly' Daylight Saving Time | Suchir Balaji: Indian-origin former OpenAI researcher found dead at US apartment
Adani Ports
Karan Adani, the current CEO of of Adani Ports and SEZ, has been redsignated as MD (Photo Courtesy: adaniports.com)

Adani Ports announces changes in its top leadership: Gautam Adani redesignated as Executive Chairman, Karan Adani becomes MD

| @indiablooms | Jan 04, 2024, at 07:50 am

Mumbai: Adani Ports and SEZ, the port and logistics division of the Adani Group, on Wednesday announced a restructuring in its leadership.

Gautam Adani, the current Chairman and Managing Director, will now be designated as the "Executive Chairman."

Karan Adani, the current Chief Executive Officer, will now hold the position of Managing Director, while Ashwani Gupta has been appointed as the new CEO.

The changes were communicated in a regulatory filing following a board of directors meeting.

Gautam Adani, who would now be the company's executive chairman, will assume the charge "with effect from January 4, 2024, till the end of his current term i.e. up to June 30, 2027", the company informed the exchanges.

Karan Adani, presently the whole-time director and CEO of the company, will take over as the MD "with effect from January 4, 2024, till the end of his current term i.e. up to May 23, 2027", the filing added.

The appointment of Ashwani Gupta as the CEO will also come into effect from January 4, Adani Ports said in the communique, adding that his tenure will last for three years.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.