Titagarh Rail Systems Limited on December 21 mentioned its board has authorized the appointment of Anil Kumar Agarwal as the deputy managing director and CEO of freight rail systems within the firm.
The resolution to assign the brand new duty to Mr. Agarwal, the corporate’s chief monetary officer, was taken on December 20, the corporate mentioned in a inventory trade submitting.
“The board of directors… has approved the following management changes… Anil Kumar Agarwal, the Director (Finance) and Chief Financial Officer, has been given the responsibility of serving as Deputy Managing Director and CEO of Freight Rail Systems and designated DMD & CEO (Freight Rail Systems),” the submitting mentioned.
He might be answerable for the whole enterprise vertical of the freight rail systems of the corporate. Prithish Chowdhary, director, Marketing and Business Development, has been given the function of a whole-time director and designated as the Deputy CEO of passenger rail systems.
The board additionally determined to advertise Joint CFO Saurav Singhania as the chief monetary officer of the corporate. Mr. Singhania would even be the chief danger officer of the corporate.
Titagarh Rail Systems is a mobility resolution supplier with presence in India and Italy. Having state-of-the-art factories in each the international locations, the corporate is dedicated to assembly the varied necessities of passenger and freight rolling inventory.