Mytrah Energy Ltd KEY SENIOR MANAGEMENT APPOINTMENTS (5750G)

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RNS Number : 5750G

Mytrah Energy Ltd

09 August 2016

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

Mytrah Energy Limited

("Mytrah" or the "Company")

KEY SENIOR MANAGEMENT APPOINTMENTS

Mytrah, the India-based renewable focused Independent Power Producer, is pleased to announce that Vikram Kailas, the Chief Financial Officer of Mytrah Energy Limited (MEL) and Vice Chairman & Managing Director of Mytrah Energy (India) Private Limited (MEIPL), has been appointed as Chief Executive Officer of MEL with immediate effect. Vikram Kailas will continue his role as Vice Chairman & Managing Director of MEIPL.

Ravi Kailas will step down as Chief Executive Officer of MEL and continue his role as Chairman of MEL.

In addition, Shirish Navlekar, Chief Financial Officer & Joint Managing Director of MEIPL, was appointed as Chief Financial Officer of MEL with immediate effect. Shirish Navlekar will continue his role as Chief Financial Officer & Joint Managing Director of MEIPL.

The appointments of Vikram Kailas and Shirish Navlekar as the Company's Chief Executive Officer and Chief Financial Officer, respectively, are non-board appointments. The Company's board remains Ravi Kailas as Chairman and Rohit Phansalkar and Russell Walls as Independent Non-Executive Directors.

Commenting on the update, Ravi Kailas, Chairman, Mytrah Energy Ltd. said:

"I am delighted to announce the appointments of Vikram Kailas and Shirish Navlekar as Mytrah Energy Limited's new CEO and CFO respectively. The combination of their past experience and successful tenure at Mytrah make them ideal to lead the company forward."

For further information, please visit www.mytrah.com or contact:

 
 
 Mytrah Energy Limited                    [phone] 
  Ravi Kailas / Bob Smith                 5790 
 
 Investec Bank plc                        [phone] 
  Chris Sim / Jeremy Ellis                4000 
 
 Mirabaud Securities LLP                  [phone] 
  Peter Krens / Rory Scott                3360 
 Yellow Jersey PR Limited 
  Charles Goodwin / Dominic Barretto      [phone] 
  / Josh Cole                             4121 
 

About Mytrah Energy Limited

Mytrah Energy Limited (AIM: MYT) is a pioneer and one of the largest Independent Power Producers ('IPP') in renewable energy in India, with 877.9 MW of wind power generation across 15 projects and 8 States. The Company has 211 wind masts installed across multiple states in India, providing a rich source of information from which to select its future projects. Mytrah currently has an active development pipeline of about 3000 MW of wind and 500 MW of solar.

This information is provided by RNS

The company news service from the London Stock Exchange

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August 09, 2016 02:01 ET (06:01 GMT)