Adani Wilmar names Shrikant Kanhere as the Deputy Chief Executive Officer

Adani Wilmar Limited (AWL), one of India's largest food & FMCG companies, today announces the appointment of Mr. Shrikant Kanhere as the Deputy Chief Executive Officer (Dy. CEO) with immediate effect. Based in Ahmedabad, Mr. Kanhere will assume this role in addition to his current profile as the Chief Financial Officer (CFO) of the company.

Mr. Kanhere, who joined AWL in 2013 as the CFO, brings over 25 years of rich experience spanning across consulting, manufacturing, services and the FMCG sector. Before his tenure at AWL, he was associated with Reliance Industries Limited and Vodafone Digilink Limited, further enriching his diverse professional background.

Following this appointment, Mr. Kanhere and Mr. Saumin Sheth, COO will work closely with MD & CEO Mr. Angshu Mallick to manage the overall operations of the company. Mr. Kanhere will be mainly responsible for business development, investor relations and financial management while Mr. Saumin Sheth will continue to lead sourcing of raw materials, trading and manufacturing operations.

The Board of Directors believe that this new arrangement will enable AWL to strengthen its management for the next phase of growth.

Shares of Adani Wilmar Limited was last trading in BSE at Rs. 311.00 as compared to the previous close of Rs. 312.15. The total number of shares traded during the day was 169691 in over 3734 trades.

The stock hit an intraday high of Rs. 313.85 and intraday low of 310.00. The net turnover during the day was Rs. 52873569.00.

Source : Equity Bulls

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AdaniWilmar INE699H01024 AWL EdibleOil Appointment DeputyCEO