Sterling and Wilson Renewable Energy Limited (SWREL) announced pivotal changes in its leadership during a board meeting held on January 16, 2025. These changes, compliant with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, mark a strategic restructuring of senior management to enhance efficiency and align with the company’s growth objectives.

Key Leadership Updates

1. Sandeep Thomas Mathew Appointed as Interim CFO
Effective January 16, 2025, Mr. Sandeep Thomas Mathew has been appointed as the Interim Chief Financial Officer (CFO) and a Key Managerial Personnel (KMP). Mr. Mathew, who has been with SWREL since 2022 as the Head of Investor Relations, brings over 20 years of financial services and consulting experience. His prior roles include working as a sell-side analyst at leading investment banks like BNP Paribas, Credit Suisse, and ICICI Securities.

Holding a degree from BITS Pilani, Mr. Mathew’s expertise in financial strategy and investor relations will ensure a seamless transition as the company searches for a permanent CFO.

2. Amit Jain Resigns as Global CEO
After an impactful tenure, Mr. Amit Jain tendered his resignation as the Global Chief Executive Officer (CEO) of Sterling and Wilson Renewable Energy Group on personal grounds. He will continue to serve until February 28, 2025, ensuring a smooth transition.

In his resignation letter addressed to the Chairman, Mr. Jain expressed gratitude for the opportunities and support extended to him during his time with the company.

3. Chandra Kishore Thakur Elevated to Global CEO
Mr. Chandra Kishore Thakur, who currently serves as the CEO for Asia, Africa, LATAM, and Europe, will assume the position of Global CEO effective March 1, 2025.

Mr. Thakur has been with SWREL since 2018 and has played a pivotal role in leading the company’s strategy and operations across geographies. With a Mechanical Engineering degree from NIT Jamshedpur and an MBA from IGNOU, Mr. Thakur combines technical expertise with strategic leadership. He is also certified by the International Project Management Association (IPMA) and serves as Vice President of the National Management Council of PMA India.

His tenure has been marked by transformational efforts in integrating technology and agile project management to meet delivery commitments. As Global CEO, Mr. Thakur aims to drive further innovation and efficiency across SWREL's international operations.

Strategic Implications of Leadership Changes

The restructuring reflects Sterling and Wilson's commitment to maintaining operational excellence while adapting to evolving market dynamics. The combined experience of Mr. Mathew and Mr. Thakur positions the company to achieve its strategic goals while ensuring a smooth transition following Mr. Jain’s departure.

Compliance with SEBI Regulations

The leadership changes align with the requirements outlined in SEBI Circular No. SEBI/HO/CFD/CFD-PoD-l/P/CIR/2023/123 dated July 13, 2023. The detailed profiles of the new appointees have been disclosed in compliance with these guidelines.

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