India, Mumbai: Avantha Group Company CG today announced that with effect from 3 February 2016, Laurent Demortier will be stepping down as the CEO and Managing Director of Crompton Greaves Limited (CGL).
From the same date, K. N Neelkant takes over as CEO and Managing Director of the Company, the company states in the press release.
K. N Neelkant is a CG executive who was the CEO of Avantha Power and will lead the India business of the company.
Jean-Michel Aubertin will be appointed as the CEO of the international power systems business, and will become a member of the international board of the Company. He joined CG over a year ago after a long and successful career at Alstom and Doosan Power Systems.
From 1 April 2016, Madhav Acharya will join as a member of the Board of CG as Executive Director Finance in addition to being the CFO of the Company.