New CFO at Essar Energy

Essar Energy, the India-focused integrated energy company, announced the appointment of Deepak Maheshwari as Chief Financial Officer. P Sampath, the current Chief Financial Officer, moves to a new role as the President of Business Optimisation and Improvement for Essar Energy. Both appointments are effective from 1 April 2013. Most recently served as the Chief Financial Officer of Reliance Power, Maheshwari has over 19 years of experience in project and corporate finance, investment banking and treasury management. He joined the Reliance Group in 2004 and played a critical role in leading the capital markets and financing and risk management requirements of the group. Prior to which, Maheshwari was Director Corporate Finance with ANZ Investment Bank in London and ICICI Securities in India. Maheshwari has a Bachelor in Electrical Engineering from the Sardar Patel College of Engineering, Mumbai and MBAs from XLRI, Jamshedpur and the London Business School. At Essar Energy, he will report to Naresh Nayyar, Chief Executive Officer of Essar Energy. Commenting on the appointments, Nayyar said that he was delighted to welcome Maheshwari to Essar Energy and wished him every success in his new role.