Hindalco Industries announces CFO transition, director re-appointment

Hindalco Industries [BSE: HINDALCO] announced a change in its key management personnel, with Praveen Kumar Maheshwari relinquishing his role as CFO on March 31, 2025. The Board has appointed Bharat Goenka, currently CFO-Designate, as the new CFO and Key Managerial Personnel (KMP), effective April 1, 2025. The company acknowledged Maheshwari's services as CFO. Separately, subject to shareholder approval, Maheshwari will be re-appointed as a Whole-Time Director (WTD) from April 1, 2025, to March 31, 2026. The decisions were made based on recommendations from the Audit Committee and the Nomination & Remuneration Committee. The company confirmed that Maheshwari is not debarred from holding a directorship.