The board of Indian Energy Exchange (IEX) has approved the reappointment of Satyanarayan Goel as its Chairman and Managing Director for a three-year term starting August 10, 2024.
Reasons for Reappointment
- Goel’s extensive knowledge in the power sector
- Over 40 years of experience
- Part of succession planning strategy
Term Details
- Current term ends on August 9, 2024, due to age limit (70 years) as per Companies Act, 2013
- New term: Three years from August 10, 2024
New Leadership Appointment
Rohit Bajaj’s Promotion
The board has decided to elevate Rohit Bajaj to the position of Joint Managing Director.
Current Role
- Executive Director (non-board)
- Responsible for Business Development, Strategy, Regulatory Affairs, and IT
New Appointment Details
- Position: Joint Managing Director
- Term: Three years from August 10, 2024
Board Expansion
Addition of Independent Director
The IEX board has also approved the appointment of Rajeev Gupta as a Non-Executive Independent Director.
Appointment Details
- Position: Non-Executive Independent Director
- Effective Date: August 10, 2024
Significance of Appointments
These appointments reflect IEX’s commitment to:
- Ensuring leadership continuity
- Recognizing internal talent
- Strengthening corporate governance
About Indian Energy Exchange (IEX)
IEX is India’s premier energy exchange, providing a nationwide, automated trading platform for physical delivery of electricity, renewable energy certificates, and energy saving certificates.
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