Waaree Energies Limited has informed the Exchange regarding Resignation of Mr Amit Paithankar as Whole - Time Director & Chief Executive Officer of the company.
WAAREEENER · price
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Waaree Energies has announced the resignation of Mr. Amit Paithankar as Whole-Time Director & Chief Executive Officer, who is leaving to co-found Saarv Solutions Private Limited. He will be relieved on May 15, 2026, or an earlier mutually agreed date, and will work with the incoming CEO during the transition. The Board has appointed Mr. Jignesh Rathod, currently Director – Operations, as CEO-Designate with immediate effect; he will take over as CEO from May 16, 2026. Mr. Rathod has been with the company since November 2007, bringing over 18 years of experience in manufacturing operations, capacity expansion, and large-scale execution. The company described this as a well-planned internal succession to ensure leadership continuity.
The change is a planned, orderly internal succession with a long transition period, which should minimise operational disruption. The outgoing CEO is leaving for an external opportunity, and the incoming CEO is a long-tenured insider, which is generally viewed positively by investors as it signals stability and continuity in strategy.