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Updated: May 08, 2025 20:31
Chambal Fertilisers and Chemicals Ltd has made a major announcement regarding its financial leadership, naming Anuj Jain as Chief Financial Officer from May 9, 2025, after Anand Agarwal resigns as CFO on May 8, 2025.
Major Points:
Appointment of New CFO:
Anuj Jain, a veteran finance professional with over 35 years of experience, will join as CFO. Jain joined Chambal Fertilisers in 2001 and held the role of Assistant Vice President (Finance) before his latest assignment. He is a fellow member of the Institute of Chartered Accountants of India and has rich experience in finance, accounts, and secretarial functions.
Leaving CFO position:
Anand Agarwal, who became Vice President - Finance at Chambal Fertilisers in June 2022 and was elevated to CFO in February 2023, has resigned with effect from May 8, 2025. Agarwal is a Chartered Accountant, Company Secretary, Cost Accountant, and Chartered Financial Analyst, and has vast experience in finance, commodity hedging, and corporate strategy.
Smooth Transition:
The change in leadership by the company reiterates commitment to continuity as well as cost discipline. The long-term linkage of Jain with the company should help to stabilize the situation during Chambal Fertilisers' next cycle of growth.
Strategic Implications:
Following Jain's elevation, Chambal Fertilisers will be looking to bank on his financial expertise and institution knowledge to provide operational efficiency as well as strategize initiatives.
This leadership change is a new chapter for Chambal Fertilisers, as it prepares for long-term growth under Jain's financial leadership.
Source: Board Stewardship, MarketScreener, Business Standard
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