Last updated : July 06, 2020 10:36 am
Amit is a veteran CFO who has worked with large corporations like Arcelor Mittal, Essar Steel, Suzlon and Jet Airways in the past.
Fabrics and garment major Raymond announced the appointment of Amit Agarwal as Chief Financial Officer (CFO). Amit is a veteran CFO who has worked with large corporations like Arcelor Mittal, Essar Steel, Suzlon and Jet Airways in the past.
According to a PTI report: Agarwal, who was the CEO of Jindal Coated Steel Products Ltd prior to joining Raymond, assumed the new role with effect from July 2, replacing Sanjay Bahl who has relinquished his position, the company said in a regulatory filing.
Agarwal joins Raymond at a crucial juncture when the business is witnessing tough market conditions due to COVID-19 impact and the group is also in the process of de-merger that would lead to two separate listed entities, the filing added.
On the other hand, Bahl, who was the Raymond CFO for about five years will continue to be associated with the company as an advisor for six months to support the leadership team through the transition period, the company said.