Sushil Agarwal, CFO of Grasim, and an Aditya Birla Group veteran, has been elevated as the Group CFO. The elevation is in recognition of his three-decade-long association with the group.
Sushil has also been given a director’s seat at Aditya Birla Management Corporation (ABMC). ABMC is the apex corporate body providing strategic direction and vision to group firms in various functional areas.
The move comes as the $44 Bn conglomerate is seeking to leverage his expertise across a range of businesses with which he has previously been strategically engaged.
Santrupt Mishra, Global Director of human resources at Aditya Birla Group, stated, “The decision comes with a twin objective of giving focal attention to the group CFO role, while the elevation is in recognition of his contribution.”
ABMC defines the portfolio strategy for the group and provides strategic functional leadership and specialist services to group businesses, both in India and overseas. It also ensures that at the group level, policies are implemented and risks managed.