Sugar manufacturer EID Parry (India) Limited announced the appointment of Y. Venkateshwarlu as Chief Financial Officer of the company, with effect from September 1, 2023. He succeeds A. Sridhar, who has resigned from the role of CFO, with effect from August 31, 2023.
According to the company’s exchange filing, “Based on the recommendations of the Audit Committee and Nomination and Remuneration Committee, at their meeting held prior to the Board Meeting, the Board has approved the appointment of Mr. Y. Venkateshwarlu, who is currently designated as the Senior Associate Vice President – Finance as the Chief Financial Officer of the Company w.e.f. Friday, September 1, 2023.”
Y. Venkateshwarlu is a Chartered Accountant by qualification. He has over 23 years of experience in multiple organizations in several areas including Financial Accounting & Reporting, Taxation, Treasury, financial planning, budgeting and Governance & compliance.
He has expertise in Working Capital Management, Business Forecasting & Financial Modelling, debt rationalization, designing and implementation of Systems, policies & Procedures.
His previous assignments were in Initial Public Offerings, financial analysis such as budget setting, expense variance analysis & Financial consolidation, tracking of potential project revenue leakage, Indian tax compliance and submissions covering corporate tax, service tax and withholding taxes including tax returns, internal reporting and tax accounting.
His previous assignments were with Shree Renuka Sugars Limited between 2018-2022, United Spirits Limited, Bangalore between 2006-18, Nicholas Piramal between i00S-06 and with SMS Pharmaceuticals Ltd between 2001-05.
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