Karan Adani Takes Over as Adani Ports' CEO
Adani Group has elevated chairman Gautam Adani’s son Karan Adani to the post of chief executive officer (CEO) of Adani Ports and SEZ (APSEZ) with effect from January 1, 2016. He is currently the executive director of the company and does not hold any board-level position.
The decision to appoint him as CEO was taken in a board meeting held on December 28, 2015 and he will replace outgoing CEO Sudipta Bhattacharya, who is moving to the US to take over as the chief executive — North America.
Adani (27), currently executive director, is the eldest son of the Adani Group's founder chairman Gautam Adani. An economics graduade from Purdue University, US, he has been associated with the the group's ports business since 2009.
“He aims to build the group’s identity around an integrated logistics business model, backed by his sound understanding of new processes, systems and macroeconomic issues”, APSEZ said in a regulatory filing.
Adani ports - Largest port in India APSEZ is the only private sector and multi port operator with presence across six ports in India.
