OREANDA-NEWS. Tata Power announced the appointment of Ramesh N Subramanyam as the new chief financial officer (CFO), effective March 31, 2014. This is consequent to the superannuation of S Ramakrishnan, executive director, finance, Tata Power, on February 28, 2014. Furthermore, please note that S Padmanabhan, executive director, operations, who held the additional charge of the finance function as chief financial officer in the interim, ie, from February 28, 2014, as communicated on February 28, 2014, ceases to be the CFO of Tata Power with effect from today.

As the CFO of the company, Mr Subramanyam shall oversee finance, accounting, treasury, tax, corporate insurance, budgeting, financial concurrence, business analyst and MIS functions. In addition, corporate commercial function shall also report to him.

Mr Subramanyam brings with him approximately 22 years of experience in the fields of finance, corporate treasury, accounts and secretarial functions. Before joining the Tata group he has worked with various institutions including Siemens and Hindustan Lever.

Mr Subramanyam had joined the Tata Power group in 2007 and was the CFO and company secretary of Coastal Gujarat Power (CGPL), Tata Power's wholly-owned subsidiary. In October 2012, Mr Subramanyam was appointed as chief, F&A (Indian subsidiaries), of the company. He is currently the financial controller of the company.

On this occasion, Anil Sardana, CEO and managing director, Tata Power, said “We are happy to announce the appointment of Mr Subramanyam as the chief financial officer (CFO) of the company. He has already been a contributor and a good team player. We look forward to his continuing leadership and governance management to facilitate a seamless transition from the legacy of Mr Ramakrishnan. His background and experience in the specialised domain of finance and corporate treasury will help the company in its aim for achieving newer standards of performance. We wish him the very best in his new role and assignment.”