COMPANIES IN NEWSOIL & GAS

Reliance Industries on a hiring spree for its new clean energy business

Reliance Industries has started setting up teams for its newly created clean energy business at a breakneck speed, appointing multiple chief executives officers and executive assistants (EAs) to the chairman’s office at top salaries, people aware of the development said.

Executive search firms have been mandated to hire specialists in different segments of clean energy business from across geographies and McKinsey has been roped in to help prepare a blueprint for each of these businesses, they said.

“Senior-level hirings are at an unprecedented level with multiple CEOs and EAs getting appointed,” a person directly aware of the matter told ET. “No cost is being spared to recruit clean energy specialists from across geographies…some are posted in the Middle East and some in India.”

RIL chairman Mukesh Ambani had last week announced investments of ₹75,000 crore over the next three years to build a new clean energy business to fuel the conglomerate’s commitment to be net carbon neutral by 2035.

Deepak Thakur, CEO of hybrid energy & storage business and e-mobility at Sterling and Wilson, and Kapil Maheshwari, CEO of Hinduja Renewables, have joined Reliance Industries, industry insiders told ET.

Thakur and Maheshwari could not be immediately reached for confirmation.

Source
ET Energy World
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