9 Aug 2016 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
Mytrah Energy Limited
("Mytrah" or the "Company")
KEY SENIOR MANAGEMENT APPOINTMENTS
Mytrah, the India-based renewable focused Independent Power Producer, is pleased to announce that Vikram Kailas, the Chief Financial Officer of Mytrah Energy Limited (MEL) and Vice Chairman & Managing Director of Mytrah Energy (India) Private Limited (MEIPL), has been appointed as Chief Executive Officer of MEL with immediate effect. Vikram Kailas will continue his role as Vice Chairman & Managing Director of MEIPL.
Ravi Kailas will step down as Chief Executive Officer of MEL and continue his role as Chairman of MEL.
In addition, Shirish Navlekar, Chief Financial Officer & Joint Managing Director of MEIPL, was appointed as Chief Financial Officer of MEL with immediate effect. Shirish Navlekar will continue his role as Chief Financial Officer & Joint Managing Director of MEIPL.
The appointments of Vikram Kailas and Shirish Navlekar as the Company's Chief Executive Officer and Chief Financial Officer, respectively, are non-board appointments. The Company's board remains Ravi Kailas as Chairman and Rohit Phansalkar and Russell Walls as Independent Non-Executive Directors.
Commenting on the update, Ravi Kailas, Chairman, Mytrah Energy Ltd. said:
"I am delighted to announce the appointments of Vikram Kailas and Shirish Navlekar as Mytrah Energy Limited's new CEO and CFO respectively. The combination of their past experience and successful tenure at Mytrah make them ideal to lead the company forward."
For further information, please visit www.mytrah.com or contact:
Mytrah Energy Limited Ravi Kailas / Bob Smith
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+44 (0)20 3402 5790 |
Investec Bank plc Chris Sim / Jeremy Ellis
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+44 (0)20 7597 4000
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Mirabaud Securities LLP Peter Krens / Rory Scott |
+44 (0)20 7878 3360
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Yellow Jersey PR Limited Charles Goodwin / Dominic Barretto / Josh Cole
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+44 (0)75 4251 4121
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About Mytrah Energy Limited
Mytrah Energy Limited (AIM: MYT) is a pioneer and one of the largest Independent Power Producers ('IPP') in renewable energy in India, with 877.9 MW of wind power generation across 15 projects and 8 States. The Company has 211 wind masts installed across multiple states in India, providing a rich source of information from which to select its future projects. Mytrah currently has an active development pipeline of about 3000 MW of wind and 500 MW of solar.