Carborundum Universal Limited at its board meeting held on 25th March 2024 announced that P Padmanabhan, the current Chief Financial Officer (CFO) has been identified to lead the risk management and taxation function as the Company?s Chief Risk Officer and Head- Global Taxation. Mr. Padmanabhan, aged 56 years, is a Chartered Accountant and a Cost Accountant and holds a Post Graduate Diploma in Financial Management. He has more than three decades of experience in the finance, taxation and accounting function and has been associated with the Company since 1994.

Mr. Padmanabhan will be moving into the larger role on 4th May 2024 and will continue to be Senior Management personnel. However, he will be stepping down as the CFO and Key Managerial Personnel effective that date. Mr. Sushil Kishore Bendale aged 49 years has been appointed as Chief Financial Officer- Designate with effect from 25th March 2024 and he would be taking over as the Chief Financial Officer from 4th May 2024.

Mr. Sushil is a Mechanical engineer also holding a master?s in business administration in Finance & Supply Chain Management from the university of Tennessee, USA. He is also a Certified Management Accountant from USA and has 24 years of experience spanning Financial planning & analysis, strategic planning & pricing, manufacturing, operations, supply chain etc.