Arvind names Swayam Saurabh as new CFO
Textile giant Arvind has appointed Swayam Saurabh its new chief financial officer and its board of directors has approved the reappointment of Sanjay S Lalbhai as chairman and managing director for the next five years.
Saurabh stepped into his new role as CFO of Arvind on March 22, the business announced in a regulatory filing. Saurabh replaces Jayesh Shah who will continue at the business as a whole-time director of Arvind and Group CFO.
Before joining Arvind, Saurabh was CFO at ride-hailing app Ola. A chartered accountant by training, Saurabh has over two decades of experience in finance and accounts among other areas. The executive has also worked as CFO at Philips Asia Pacific and Hindustan Zinc and has worked for Asian Paints and Larsen & Toubro.
Saurabh’s appointment was approved at a company board meeting on Tuesday. The same meeting gave the board of directors’ approval for the reappointment of Lalbhai as CMD for five years until March 31, 2027. Following the board’s approval, the reappointment of Lalbhai will be subject to the approval of members of the company, according to the filing.
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