Hero Future Energies Appoints Srivatsan Iyer as Global CEO

Hero Future Energies, the renewable arm of Hero Group, has announced the appointment of Srivatsan Iyer as its global Chief Executive Officer.

Hero Future Energies (HFE), the renewable arm of the Hero Group, has announced the appointment of Srivatsan Iyer as its global Chief Executive Officer. Srivatsan will be taking over from industry veteran Sunil Jain, who will be handing over the complete charge within this month.

The firm currently has renewable assets of around 2 GW and has plans for aggressive growth in the coming years. As various global opportunities emerge, HFE is primed to take advantage of these opportunities by using innovative cleantech solutions and grow its business footprint in India and across the world.

Rahul Munjal, Chairman and Managing Director, Hero Future Energies said, “I am pleased to announce Sri’s appointment as our global CEO. In this role, he will work towards strengthening HFE’s presence in domestic markets and growing its global presence and will be responsible for the company’s business and financial goals. Sri has the pulse of global market and is well informed about business drivers in various economies. He has vast experience of working in several blue-chip companies in several regions in the world and is well suited to lead HFE as we transform into a global organization. At the same time, I wish Sunil success for his new beginning.”

The firm stated that Srivatsan is well regarded for his ability to strengthen businesses in new geographies and collaborate effectively across cultures. 

Commenting on his appointment, Srivatsan said, “It’s an absolute privilege to join HFE under the leadership of Rahul, and I look forward to working with HFE team, to continue to deliver growth and take the company to the next level.”

The new CEO has stated that he plans to focus on people, strengthening internal business processes, driving project and operational excellence, and increasing innovation, which includes adopting and integrating new technologies to bring down the cost of projects and improve efficiency. He will also work towards making India operations the knowledge, design, and engineering hub for HFE’s global operations.

Srivatsan previously worked for Braskem, the largest petrochemical company in the Americas, based in São Paulo, Brazil, as their Vice President of Strategy & Planning and Innovation & Technology. Prior to that, he was the CEO and General Manager of Braskem Europe, where he managed Braskem’s European business, based in Frankfurt, Germany. Prior to joining Braskem in 2010, Srivatsan spent 5 years with McKinsey & Company, where he served a variety of clients in the Energy and Chemicals sector, on a range of topics including Strategy and Operations.

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