Prashant Jain appointed as Joint MD and CEO for JSW Energy

MUMBAI: JSW Energy has appointed Prashant Jain as its Joint managing director and chief executive officer with effect from June 16, 2017. Jain will be replacing Sanjay Sagar who asked for an early relief from his duties and will be formally stepping down on June 15.

Having an experience of more than two decades as mechanical engineer in areas like plant maintenance, project management, corporate strategy & development, policy advocacy and cross-border operations, Jain will set the strategy for the energy major and will be responsible for developing and executing strategic and business planning activities as part of overseeing all aspects of the company’s business.

“I am pleased that Mr Prashant Jain has been appointed as the joint managing director and chief executive officer of JSW Energy. He brings with him vast experience across different functional areas which he can apply in this new role with fresh perspective and vision. The entire leadership team looks forward to working with Prashant and wishes him the very best in his new role,” JSW group chairman Sajjan Jindal said.

Prior to being appointed in the current role, Jain was responsible for developing corporate strategy, forging joint ventures, M&A, overseeing corporate affairs, information technology and investor relations for the multi business group.

He has steered the strategic collaboration with JFE, raising over $1 billion investment in JSW Steel apart from helping the steel company in the acquisition of Ispat Industries (now JSW Steel Dolvi Unit).

Jain will report to the chairman Sajjan Jindal and will be based out of the city of Mumbai.