Siemens Energy India Reshuffles Board with Sunil Mathur as Chairman
Company - People | Apr 07, 2025 | EIN
Siemens Energy India, which has been demerged from Siemens Ltd, announced a new board of directors. The board is chaired by Sunil Mathur, the Managing Director and CEO of Siemens. Guilherme Mendonca has been appointed as the Managing Director and CEO of Siemens Energy India, and Harish Shekar has been selected as the Executive Director and CFO. Additional appointments include Ketan Dalal as an independent director, and several senior figures from Siemens AG as non-executive non-independent directors. The demerger from Siemens Ltd became effective on March 25, 2025, with the listing of Siemens Energy India Limited to follow within the same year.
Sectors
- Energy
- Corporate Finance
Geography
- India – The article discusses the restructuring and board appointments of Siemens Energy India, a company based in New Delhi, India.
- Germany – Several directors from Siemens AG, a company headquartered in Germany, have been appointed to the board of Siemens Energy India.
Industry
- Energy – Siemens Energy India operates in the energy sector, focusing on power generation and related services.
- Corporate Finance – The restructuring and board appointments are a significant corporate event involving financial management and strategic oversight.
Financials
- – No specific financial figures or deal values mentioned in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Siemens Energy India | Target | Company | An independent energy-focused entity demerged from Siemens Ltd. |
| Siemens Ltd | Selling Company | Company | Parent company which demerged Siemens Energy India. |
| Sunil Mathur | Chairman | Person | Managing Director and Chief Executive Officer of Siemens, appointed as Chairman of Siemens Energy India. |
| Guilherme Mendonca | Managing Director and CEO | Person | Former head of Siemens Ltd's energy business, now MD and CEO of Siemens Energy India. |
| Harish Shekar | Executive Director and CFO | Person | Former finance head of Siemens Ltd's energy business, now Executive Director and CFO of Siemens Energy India. |
| Ketan Dalal | Independent Director | Person | Founder of Katalyst Advisors and appointed as an independent director. |
| Subodh Kumar Jaiswal | Independent Director | Person | A retired IPS Officer, appointed as an independent director. |
| Swati Salgaocar | Independent Director | Person | Director at Vimson Group, appointed as an independent director. |
| Karl-Heinz Seibert | Non-Executive Non-Independent Director | Person | Corporate Vice President at Siemens AG, appointed as a non-executive director. |
| Juergen Wagner | Non-Executive Non-Independent Director | Person | Corporate financial controller at Siemens AG, appointed as a non-executive director. |
| Tim Holt | Non-Executive Non-Independent Director | Person | Member of the executive board at Siemens Energy AG, appointed as a non-executive director. |
| Ketan Thaker | Former Director | Person | Former non-executive non-independent director who ceased to be a director effective April 1. |