Adani Green Energy Limited (AGEL) shares fell nearly 3% today after the company announced a key leadership transition. Current CEO Amit Singh will step down from his position on March 31, 2025, to take on another role within the Adani Group. Effective April 1, 2025, Ashish Khanna, currently CEO of the Adani Group’s International Energy Business, will assume the role of AGEL’s CEO.
The announcement, approved at a board meeting on December 30, 2024, marks a significant change in AGEL’s leadership team. Amit Singh, who has played a pivotal role in driving the company’s growth, expressed his gratitude for the support received during his tenure. Incoming CEO Ashish Khanna brings extensive experience in renewables, infrastructure, and project management, with leadership roles at Tata Power and Bharat Petroleum.
Khanna holds an Executive Program in Management from IIM Ahmedabad, a Master’s degree in Management & Systems from IIT Delhi, and a Bachelor’s degree in Mechanical Engineering from Delhi College of Engineering.
While this leadership shift aligns with AGEL’s long-term growth strategy, market participants appear cautious about its immediate impact, leading to today’s share price decline.
