Vikram Solar has announced the appointment of renewable energy sector veteran, Saibaba Vutukuri as the new Chief Executive Officer (CEO) of the company. Gyanesh Chaudhary will retain his position as the Managing Director of the company. With Vutukuri’s appointment, Chaudhary will take on a more strategic role involving portfolio diversification, key strategic initiatives and future ventures.
Vutukuri, a post-graduate in International Business (MBA) from Copenhagen Business School, has over 3 decades of industry experience, with more than two decades spent in the wind and solar sector. Besides serving as the President and CEO- Diversification of the BSE listed Inox Wind in his last assignment, utukuri has previously held leadership positions in several organisations including Business Head/Chief Executive, India Business (South and East) and South East Asia markets at Suzlon Energy among other leadership roles.
Speaking about Vutukuri’s appointment, Gyanesh Chaudhary, Managing Director, Vikram Solar said, “Sai’s knowledge and experience will be an extremely valuable asset to Vikram Solar. His wide experience in solar manufacturing, corporate affairs and international markets will help us to further strengthen our leadership position in the renewable sector. I will be supporting Sai in the transition process during the first half of the year to ensure a seamless experience for all our internal and external stakeholders.”
The newly appointed Chief Executive Officer of Vikram Solar, Saibaba Vutukuri shared “I’m delighted to be joining Vikram Solar as the CEO at an exciting time for the business. It is a remarkable company with a long history of outperformance, creating innovative products. I’m looking forward to working with an exceptional group of leaders over the coming years to continue to transform Vikram Solar.”
He further added, “It is important to state that we, at Vikram Solar, are going to stay true to our DNA and will continue to make the best products in the industry that delight our customers and make our employees incredibly proud of what they do.”
Under the leadership of Gyanesh Chaudhary, Vikram Solar has become one of the largest solar module manufacturers in India in the last 14 years. Continuing as the Managing Director of Vikram Solar, his focus will be on future expansion, new business opportunities and growth plans including investments and major capex decisions among key business areas.