Avantha Group Company CG announced that KN Neelkant takes over as CEO and Managing Director of Crompton Greaves Limited (CGL), after Laurent Demortier stepped down from the roles, with effect from February 3, 2016.
An experienced CGL executive who was the CEO of Avantha Power, Neelkant will, as the MD and CEO, lead the India business of the company, which involves the Power and Industrial Systems, including the rotating machines, drives and automation business, in India and Europe.
From April 1, 2016, Madhav Acharya will join as a member of the Board of CGL as Executive Director Finance in addition to being the CFO of the Company. Laurent Demortier remains on the Board of CGL as an Executive Director until March 31, 2016, after which he demits office.
Jean-Michel Aubertin will be appointed as the CEO of the international power systems business, and will become a member of the international board of the company. He joined CG over a year ago after a long and successful career at Alstom and Doosan Power Systems.