The change in leadership comes at a time when the electric vehicle maker has witnessed multiple senior-level exits in recent years.Ola Electric Mobility on Monday appointed Deepak Rastogi as its new chief financial officer, effective January 20, following the resignation of incumbent CFO Harish Abichandani, who stepped down citing personal reasons, according to regulatory filings.
The company informed stock exchanges that its board approved Rastogi’s appointment at a meeting held on January 19. He will also serve as a key managerial personnel and be part of the senior management team.
The board took note of Abichandani’s resignation with effect from the close of business on January 19 and placed on record its appreciation for his contribution during his tenure. In his resignation letter addressed to founder and chief executive Bhavish Aggarwal, Abichandani cited personal reasons for his decision and requested to be relieved the same day.
Rastogi brings over 30 years of experience in finance, strategy and governance across capital-intensive sectors such as automotive, manufacturing, chemicals and real estate. A chartered accountant and MBA, he has previously held senior finance leadership roles at Tata AutoComp Systems, The Timken Company, Alcatel, DuPont, Castrol and Raymond.
Ola Electric said Rastogi has advised and led equity transactions worth around $1 billion, including IPOs and cross-border mergers and acquisitions, and has served on the boards of several listed companies.
The change in leadership comes at a time when the electric vehicle maker has witnessed multiple senior-level exits in recent years.
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