Waaree Energies Limited has informed the Exchange regarding Appointment of Mr Abhishek Pareek as Chief Financial Officer of the company w.e.f. March 21, 2026.
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Waaree Energies' board, at its March 20, 2026 meeting, approved a major leadership reshuffle effective March 21, 2026. Whole-Time Director & CEO Mr. Amit Ashok Paithankar stepped down earlier than the previously announced May 15, 2026 date, by mutual agreement, and is being replaced by Mr. Jignesh Devchandbhai Rathod, the current CEO-Designate, for a 5-year term (subject to shareholder approval). CFO Ms. Sonal Shrivastava also exited after completing her notice period to pursue opportunities outside the group, with her resignation letter attached. Mr. Abhishek Pareek, currently Group Head Finance with ~20 years of experience including leading ~USD 450 million in PE raises and ~USD 500 million in IPOs, takes over as CFO. Additionally, Mr. Munna Singh was named Deputy CFO and Mr. Varun Goenka as President – Growth & Strategy, both effective April 1, 2026.
While the simultaneous exit of both the CEO and CFO may raise short-term governance questions, both replacements are internal promotions (Rathod has been with the company since 2007 and Pareek since 2017), suggesting a planned and orderly succession that should support continuity in operations and the company's growth strategy.