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India: AEC stock spurts; new MD takes over (673).
Vinod Mathew
AHMEDABAD, Aug. 22
THE Ahmedabad Electricity Company (AEC) witnessed a reshuffle at the helm last week with Mr. C. R. Shah, Managing Director, stepping down after a stint that lasted 16 months.
Mr. Ravi Vohra, who was a US-based utilities sector consultant till recently, will be the new managing director. Mr. Shah has returned to the holding company, the Torrent group, as director.
"I was brought in for a special mission soon after the Torrent group took management control of AEC. I was not keen to continue as my term was over and I am on the verge of super- annuation. Mr. Vohra is a relatively young person with more steam and …
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