India’s textile giant Arvind Ltd. has appointed Swayam Saurabh as its Chief Financial Officer (CFO) with immediate effect.
Swayam, who was earlier the CFO of Ola, the ride-hailing app,succeeds Jayesh Shah, who will continue as a whole-time director of the company and Group CFO.
A chartered accountant by profession, Swayam has over two decades of experience in finance and accounts, treasury, IT, administration, procurement, legal and secretarial and compliances.
He has also worked as CFO with Hindustan Zinc and Phillips (Asia Pacific), Asian Paints and Larsen & Toubro.
Besides, the company board also approved the reappointment of Sanjay S. Lalbhai as Chairman and Managing Director (CMD) for a period of five years – from 1 April 2022 to 31 March 2027.
The company shared this information in a regulatory filing and added that Lalbhai’s reappointment will be subject to the approval of members of the company.
