On January 25, Adani Power Limited (APL) disclosed a leadership transition, announcing the departure of its current Chief Financial Officer, Shailesh Sawa, who is set to assume a new role in Group Regulatory Engagement for the Adani portfolio of companies. The incoming CFO, Dilip Kumar Jha, is slated to take over the position effective April 1.
The Board of Directors at APL accepted Sawa’s resignation letter, effective from the close of business hours on March 31, 2024, and concurrently sanctioned the appointment of Dilip Kumar Jha as the new CFO-designate. Jha presently serves as the Finance Head of the Integrated Resource Management vertical at Adani Enterprises Limited.
Adani Power clarified in an exchange filing that this leadership transition is part of a broader initiative aimed at enhancing leadership capabilities across the Adani portfolio of companies. It aligns with a long-term vision to bolster employee engagement, foster skill development, and cultivate a pool of proficient and dedicated leaders within a diverse, equitable, and respectful workplace.
The exchange filing further detailed the implementation of the Adani Leadership Acceleration Program, a six-year structured mentorship and leadership development initiative across the company’s portfolio. The program is designed to develop engaged leaders with values rooted in sustainability, social equity, and the principles of good governance.
Having been associated with Adani since 2010, Jha has held various pivotal roles, including Head of Taxation, Head of FP&A/Business Controller of Mining Service Business Vertical, and Director of Adani Track Management Services Ltd (ATMSL).
Anil Sardana, the Managing Director of APL, acknowledged Shailesh Sawa’s significant contributions to the company’s financial revitalization during his tenure of over three and a half years. Sardana highlighted Sawa’s role in guiding the organization through structural changes, successful integration of acquisitions, and notable improvements in its credit profile.
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