Kirti Vagadia new CFO of Suzlon unit Senvion SE

NEW DELHI: Wind turbine maker Suzlon's wholly owned subsidiary Senvion SE has appointed Kirti Vagadia as the new Chief Financial Officer.

"The Supervisory Board of Senvion SE has appointed Kirti Vagadia as the company's new Chief Financial Officer. The appointment is effective as of December 1, 2014," Suzlon said in a statement.

He has over 20 years' experience in the wind energy industry and the management skills and background required to successfully oversee financial measures for the benefit of Senvion, said Tulsi R Tanti, Chairman of the Suzlon Group and of the Senvion Supervisory Board.

Vagadia was Group Head Finance of the Suzlon Group and a member of the Supervisory Board of Senvion SE. He already stepped down from all his posts on October 20, 2014.

Shares of Suzlon Energy were trading at Rs 13.06, down 3.33 per cent, on the BSE in the afternoon.