Updated: Feb 11, 2019 18:35 IST
New Delhi [India], Feb 11 (ANI): India’s leading multi-business conglomerate, the Max Group, today announced that Rahul Khosla, currently Group President, will move to a non-executive role as Group Advisor effective 1 April, 2019. The move is in line with the transition plan announced last year.
As a part of the transition, Analjit Singh will take on the position of Chairman of Max India and Max Life currently held by Rahul. Rahul will also demit his role as Chairman, Max Healthcare once regulatory approvals for the transaction with KKR-Radiant are received. This position will then be filled by KKR Radiant.
Commenting on Rahul’s contribution, Analjit Singh, Founder and Chairman Emeritus, Max Group, said, “Rahul joined the Max Group in August 2011, which was at the cusp of my shift to a non-executive role and allowed me to pursue other initiatives. That journey could not have been possible without Rahul taking on the mantle of Managing Director and subsequently as Group President. Together, Rahul and the team have implemented what ought to be seen as a ‘benchmark’ of succession from sponsor to seasoned professionals leading the Group in various businesses.
During his tenure, Rahul successfully delivered on the agenda of value creation and growth of our Group’s businesses, while strengthening our organization, brand, governance and reputation. I count on his continued support as an advisor to the Group for the new developments on the horizon.”
Further, Mohit Talwar, who has been with the Group since November 2007, will be elevated to the position of Group Vice Chairman, effective 1 April, 2019. In this capacity, Mohit will represent the Group on the Founders behalf and support the respective CEO’s in their operating businesses.
“Mohit has made significant contribution, especially in the areas of capital management and corporate finance over the years and his support will be valuable as the Group forges its platforms of future growth including Life Insurance, Real Estate, Senior Living and Hospitality,” said Analjit Singh.
Mohit will also continue to serve as the Managing Director of Max Financial Services and Max India and remain on the Boards of Max Group’s operating companies. This story is provided by NewsVoir. (ANI)