Allcargo Logistics Limited has informed the Exchange regarding Appointment of Mr. Ravi Jakhar currently designated as Chief Strategy Officer (KMP), as the Chief Financial Officer (KMP) of the Company with effect from May 19, 2025, and to be re-designated as "Director Strategy & Group CFO"
ALLCARGO · price
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Allcargo Logistics has announced a change at the CFO level. Mr. Deepal Shah resigned as Chief Financial Officer and Key Managerial Personnel effective May 16, 2025, citing his decision to pursue an alternate career outside the organisation. To fill the role, the Board appointed Mr. Ravi Jakhar, currently the Chief Strategy Officer and already a KMP, as the new CFO effective May 19, 2025. He will also carry the title 'Director Strategy & Group CFO', reflecting a combined strategy and finance leadership role. Mr. Jakhar is an IIT BHU graduate with a Harvard Business School course in entrepreneurship, nearly 20 years of leadership experience, and has been with Allcargo since January 2020, having led M&A, demergers, equity fundraising and investor relations.
This is a smooth internal transition as the new CFO was already a KMP well-versed in the group's finances and strategy, which should limit disruption. However, the outgoing CFO's departure for external opportunities may raise minor short-term questions about continuity, though the strong profile of the incoming CFO is reassuring for shareholders.