GE Power India Designates Mahesh Palashikar as Chairman

GE Power India Ltd (GEPIL), formerly known as Alstom India, has designated Mahesh Shrikrishna Palashikar as its Additional Director and Non-Executive Chairman effective from Wednesday i.e. May 27, 2020.

Palashikar succeeded Vishal Keerti Wanchoo due to his retirement on attaining the age of superannuation.

The decision of Palashikar’s appointment has been taken by the Board of Directors of the company during a meeting held on May 26, 2020.

Commenting on Palashikar’s appointment, Prashant Jain, Managing Director of GE Power India, said quoted PTI that “we are delighted to have Mahesh join the GEPIL Board as Chairman. Mahesh brings deep knowledge and vast experience with strong proven leadership.”

Since February 2020, Palashikar was leading the role of President and CEO of GE South Asia. Before this, he led GE’s onshore wind business for the Asia Pacific region, including Greater China and ANZ, since October 2014. Under his leadership, the Asia Pacific region teams achieved record profitable growth in several key markets of China, Japan and India.

“I look forward to this exciting opportunity to be a part of GEPIL's continued efforts in contributing to the growth of the power generation sector in India,” said Palashikar quoted PTI.

As a 20-year GE veteran, Palashikar has worked and advanced through a series of complex and increasingly responsible assignments in manufacturing operations, global supply chain, quality, lean six sigma, sales, projects and services within GE’s Healthcare, Power and Renewable Energy businesses.

Besides Palashikar, the company’s board has also appointed Vijay Sharma, Chief Financial Officer (CFO) as its Additional Director and Whole-time Director effective from May 30, 2020, for 3 years in place of Sanjeev Agarwal, Whole-time Director of the company.

Sharma has been with GEPIL for more than 25 years where he held positions of increasing responsibility to the time of his appointment as the CFO from September 2013. He is widely regarded as an authority in the subject of project control, cost management and financial reporting.

GE is a leading energy player in the country with strong capabilities in engineering, manufacturing, project management and supply of products and solutions for power generation and transmission infrastructure requirements.

Meanwhile, shares of the company were trading at Rs 376.65 apiece, down 0.28 per cent, from the previous close on the exchange at 13:07 p.m.