Torrent Power appoints Lalit Malik as Chief Financial Officer

Torrent Power appoints Lalit Malik as Chief Financial Officer

Torrent Power has announced the appointment of Lalit Malik as Chief Financial Officer with effect from May 1, 2021. The decision was taken at a board meeting on Thursday, the company said in a statement.

He succeeds Sanjay Dalal who will retire from the position of Chief Financial Officer (CFO) of the company from close of working hours of April 30, 2021, it added.

Malik has over 33 years of experience in the field of financial planning and strategy, accounting under USGAAP, IFRS & Indian GAAP, corporate restructuring, mergers, takeovers, treasury, tax planning & execution, budgeting, corporate governance, risk management, regulatory and compliances, etc.

Previously, Malik was working with Dabur India since 2012 as CFO and has worked in the past, in leadership roles, with Moser Baer India, American Express (India), Proctor & Gamble, Gillette India, Philips India, and Sharp & Tannan.