Ola Electric appoints new CFO after Harish Abichandani steps down

Core Viewpoint - Ola Electric has appointed Deepak Rastogi as the new Chief Financial Officer (CFO) following the resignation of Harish Abichandani, effective January 20, 2023, amid ongoing leadership changes within the company [4][6]. Company Leadership Changes - The board of Ola Electric approved Rastogi's appointment during a meeting on January 19, 2023, and he will also be part of the senior management team [4][6]. - Harish Abichandani resigned from his position as CFO, effective January 19, 2023, citing personal reasons for his departure [4][6]. Experience and Qualifications - Deepak Rastogi brings over 30 years of experience in finance, strategy, and governance across various capital-intensive sectors, including automotive, manufacturing, chemicals, and real estate [4][6]. - Rastogi is a chartered accountant and holds an MBA, having previously held senior finance leadership roles at notable companies such as Puravankara Group, Deepak Fertilisers & Petrochemicals, and Tata AutoComp Systems [4][6]. Financial Transactions and Contributions - Rastogi has advised and led equity transactions worth approximately $1 billion, which includes initial public offerings (IPOs) and cross-border mergers and acquisitions [5][6]. - He has served on the boards of several listed companies, indicating a strong background in corporate governance and financial oversight [5][6]. Context of Leadership Changes - The appointment of Rastogi comes during a period of significant leadership churn at Ola Electric, which has experienced multiple senior exits in recent years [5][6].