Suzlon appoints Rohit Modi CEO for India, emerging markets

Sep 3, 2012 - Indian wind turbine maker Suzlon Energy (BOM:532667) said Monday it had named Rohit Modi as chief executive officer for India and emerging markets, to expand the company's business at home and in Brazil, China and South Africa.

Modi comes back to Suzlon with 27 years of experience in Indian government services and several infrastructure firms such as Larsen & Toubro Ltd (BOM:500510) and Infrastructure Leasing & Financial Services Ltd. Most recently, he was deputy managing director at Gammon India Ltd (BOM:509550).

"Rohit played a key role in driving the growth of our India Business unit in his earlier stint with the Group, and I am sure and confident that, in this challenging environment, he will add value for the company and all its stakeholders," said Suzlon Group chairman Tulsi Tanti.

Suzlon Energy in mid-August said it had turned to a net loss of INR 8.5 billion (USD 153m/EUR 122m) in its first fiscal quarter to June 30 from a profit of INR 835 million a year back. Tanti said that the macroeconomic conditions, policy uncertainty in certain markets and other external factors such as the rupee's depreciation continued to dent its results.

(INR 100 = USD 1.804/EUR 1.434)

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