CG Power and Industrial Solutions Limited has informed the Exchange regarding Cessation of Mr Indraneel Dhaneshwar as Other of the company w.e.f. Jun 02, 2025.
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CG Power has appointed Mr. Jatinder Kaul as Executive Vice President - Motors Business (India Sub-continent) effective 2nd June 2025. Mr. Kaul joins from Karcher Cleaning Systems where he was Managing Director, and has prior senior experience at Ingersoll Rand India and Thermo Fischer Scientific. He will handle the full P&L for the India motors business and work with Marais Nel to drive export growth. Concurrently, Mr. Indraneel Dhaneshwar, the current VP - Motors Business, ceases to be part of the Senior Management Personnel and will now report to Mr. Kaul, focusing on technology development. This is effectively a leadership transition within the motors business, not a complete exit.
This is an internal management reshuffle within the Motors Business division, with the outgoing VP continuing in a technology-focused role. The new EVP brings external experience from Karcher, Ingersoll Rand, and Thermo Fisher, which may bring fresh strategic direction to the motors segment. Investors should view this as a routine leadership change with no immediate material impact on the stock.