On 02 February 2016
Crompton Greaves announced that with effect from 03 February 2016, Laurent Demortier will be stepping down as the CEO and Managing Director of the Company. Laurent Demortier remains on the Board of the Company as Executive Director until 31 March 2016 after which he demits office.K N Neelkant will take over as CEO and Managing Director of the Company with effect from 03 February 2016.
From 01 April 2016, Madhav Acharya will join as Executive Director in addition to being the CFO of the Company.
Jean-Michel Aubertin will be appointed as the CEO of the international power systems business and will become a member of the international board of the Company.
Norberto Santiago will remain as the CEO of the international automation business and will report to the international board of the Company.
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