Oil/Gas Industry RIL Restructures its Finance Wings

Editor: Dominik Stephan

Reliance Industries (RIL) has restructured its finance department. V. Srikanth, the deputy Chief Financial Officer (CFO) of Reliance Industries, appointed in August 2010, has been raised to the position of CFO alongside the current CFO of the company, Alok Agarwal.

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(Picture: Reliance Industries (RIL))
(Picture: Reliance Industries (RIL))

Mumbai/India – Agarwal, ex-Bank of America (BankAm) executive, will be seen managing the company's global risk management front, moving on from the tasks that entailed managing company's treasury operations as a CFO. He will also work closely with the new M&A team, currently being headed by Navin Wadhwani, responsible for acquisition and merger of global assets. V Srikanth, a former Citibank executive, will take charge of the day-to-day operations, primarily managing RIL's extensive treasury operations and fund-raising plans.