Torrent Power appoints new CFO

Torrent Power announced the appointment of Lalit Malik as Chief Financial Officer with effect from May 1, 2021. The decision was taken at a board meeting last week, as per a company filing.

Current CFO Sanjay Dalal will retire from the position from the close of working hours of April 30, 2021, it added.

Malik comes with over 33 years of experience in the field of financial planning and strategy, accounting under USGAAP, IFRS & Indian GAAP, corporate restructuring, mergers, takeovers, treasury, tax planning & execution, budgeting, corporate governance, risk management, regulatory and compliances etc.

Prior to this, he was working with Dabur India since 2012 as CFO and has worked in the past, in leadership roles, with organizations such as Moser Baer India, American Express (India), Proctor & Gamble, Gillette India, and Philips India. It is this vast experience which he will bring to his new position at Torrent Power.