Hitachi Energy India Limited has informed the Exchange regarding Resignation of Mr Achim Michael Braun as Non-Executive and Non-Independent Director of the Company w.e.f. August 20, 2025.
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Hitachi Energy India's board, at its meeting on August 20, 2025, accepted the resignation of Mr. Achim Michael Braun as Non-Executive Non-Independent Director and Chairman, effective close of business hours the same day. Mr. Ismo Antero Haka, who already serves as a Non-Executive Non-Independent Director, was appointed as the new Chairman in addition to his existing role. The board also approved the appointment of Mr. Jan Niklas Persson as an Additional Director (Non-Executive Non-Independent), subject to shareholder approval through a postal ballot. Mr. Persson is an Executive Vice President heading Hitachi Energy's global Grid Integration Business Unit, having joined the group in 1997. Board committees were reconstituted to reflect these changes.
This is a smooth internal succession within the Hitachi Energy global parent group, with both the new Chairman and the incoming director being senior insiders of the parent company. No governance concerns are evident, and the postal ballot is a standard procedural step. Shareholders should see continuity in strategic direction rather than any disruptive change.