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JSW Energy Announces Key Changes in Senior Management Personnel
Team Finance Saathi
27/Dec/2024
What's covered under the Article:
- JSW Energy appoints Mr. Feby Koshy as Executive Vice President – Head of Thermal, effective December 30, 2024.
- Mr. Birendra Pandey, Head of International Business Development, resigns due to personal reasons, effective December 31, 2024.
- Mr. Koshy brings 32 years of experience in the power sector, including his previous tenure with JSW Energy.
JSW Energy Limited, a leading player in the Indian energy sector, has announced significant changes to its senior management team. These developments come as part of the company’s ongoing efforts to strengthen its leadership and align its operations with evolving business demands.
In a Board Meeting held on December 27, 2024, JSW Energy officially appointed Mr. Feby Koshy as the new Executive Vice President – Head of Thermal. This appointment is effective December 30, 2024. Mr. Koshy brings over 32 years of experience in the power sector, with a distinguished career in managing thermal and renewable energy projects. He previously served as the CEO of IL&FS Energy Development Company Limited (IEDCL), and has a strong track record in operational excellence, project management, and regulatory compliance.
About Mr. Feby Koshy’s Career
Mr. Koshy holds a B.E. in Mechanical Engineering (1990) from the University of Mysore and an MBA in Project Management (2012) from Sikkim Manipal University. He has previously worked with JSW Energy for 13 years between 1997 and 2010, including a pivotal role as the technical head of the 1,200 MW greenfield power project at the Ratnagiri Plant. Additionally, he has worked with BSES Limited on its flagship 500 MW greenfield project. His expertise in the thermal power sector and leadership capabilities make him well-positioned to drive JSW Energy’s future growth and enhance its operational efficiency.
Resignation of Birendra Pandey
Alongside the new appointment, JSW Energy also announced the resignation of Mr. Birendra Pandey, the Head of International Business Development, due to personal reasons. Mr. Pandey’s resignation will be effective December 31, 2024. His responsibilities will be reassigned to other senior management members within the company.
In his resignation letter, Mr. Pandey expressed his gratitude for the opportunity to work at JSW Energy, highlighting the invaluable experience gained during his tenure. He conveyed his willingness to assist in a smooth transition and extended his best wishes to the team for continued success.
Annexure Details
In compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015, the company has disclosed the following details:
- Reason for Change: Appointment of Mr. Feby Koshy as Executive Vice President – Head of Thermal, and resignation of Mr. Birendra Pandey.
- Date of Appointment: Mr. Koshy will officially take on his new role on December 30, 2024, with full-time employment.
- Brief Profile of Mr. Koshy: Mr. Koshy’s extensive career spans over three decades in the energy sector, with leadership roles in thermal and renewable energy projects. His experience also includes a significant tenure at JSW Energy.
- Resignation Details: Mr. Pandey’s resignation will be effective December 31, 2024, and he has offered full support during the transition process.
JSW Energy’s Vision Moving Forward
JSW Energy’s decision to appoint Mr. Koshy reflects the company’s commitment to bolstering its leadership team and maintaining a strong focus on operational excellence. As the new Head of Thermal, Mr. Koshy will play a key role in driving thermal power initiatives and ensuring regulatory compliance as the company continues to scale and diversify its portfolio in the energy sector.
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