Shailesh Sawa, CEO-EPC Constructions India to step in as Group CFO of HCC Group of Companies, as Praveen Sood superannuated on December 31, 2018 as the Group CFO of HCC Group of Companies.
Shailesh Sawa, CEO of EPC Constructions India, a subsidiary of Essar Projects, will take over as the Group CFO of HCC Group of Companies, according to a report in ETCFO.
In its BSE filing in December, HCC had said, "Upon completion of the term of contract, Praveen Sood, Group CFO has ceased to be the CFO and KMP of the company, effective from the close of working hours on December 31, 201 8." The new CFO will be appointed in accordance with the Companies Act, 2013.
Sawa who has been part of the Essar Group since 1994, has held multiple positions and has worked with India Securities Limited, Essar Power Limited and Essar Oil Limited (EOL).
He was the CFO of Essar Ports and essayed a crucial role in the restarting the refinery project, restructuring Essar Oil Ltd (EOL) financials, managing the fund-raising required for completing the refinery and its further expansion in 2007, the report said.
Source: ETCFO/media reports