New Delhi, CG Power and Industrial Solutions on Monday said its board has approved the appointment of Amar Kaul as managing director and CEO of the company.

Kaul's appointment is for a period of five years, with effect from July 25, 2024, subject to necessary approvals, the company said in an exchange filing.

Meanwhile, the board has appointed Kaul as managing director and CEO-designate from July 9, 2024 to July 24, 2024.

He succeeds Natarajan Srinivasan, who has been the Managing Director of the company since November 26, 2020 and will retire at the close of business on July 24, 2024.

Kaul has done B.Tech (Mechanical), MS (Engineering Business Management) and Executive Leadership Program from Stanford. He has over 30 years of experience and has worked with large organizations.

CG Power & Industrial Solutions is an engineering group with a diverse portfolio of products, solutions and services for power and industrial equipment and solutions.