Sterlite Power appoints Amitabh Prasad as Brazil CEO effective 1st February 2021
Ricardo Cleber
Zangirolami moves on to become member of the company’s Brazil Advisory Board
Sterlite Power, a leading global developer of
power transmission, today announced the appointment of Amitabh Prasad as CEO,
Sterlite Power Brazil. After two years of association with the company in
various leadership positions, Ricardo Cleber Zangirolami has decided to step
down from the CEO position due to personal reasons. He will continue to support
the company in his capacity as member of the Advisory Board with focus on
M&A, Regulatory and Legal. These changes are effective February 1st,
2021 subject to necessary approvals.
Amitabh
is a seasoned industry professional with over 25 years of experience in
leadership positions across power and infrastructure sectors. Over the last
three years, Amitabh has successfully led the Global Supply Chain function for
Sterlite Power across India and Brazil, including his role as Board advisor for Sterlite Power
Brazil. Given his leadership acumen and strong project execution expertise,
Amitabh will play a key role to further strengthen the company’s operations in
Brazil, together with the strong Brazil leadership team.
Commenting on the
appointment, Pratik Agarwal, Managing Director, Sterlite Power, said “We are
happy to announce the appointment of Amitabh Prasad as CEO of our Brazil
operations. He has been closely associated with our Brazil operations since
inception. His familiarity with the market and his strong execution expertise
will be of great value as he steers our team ahead guided by our core purpose
to contribute towards the Brazilian national grid.”
He
further added, “Ricardo has been an integral part of Sterlite Power’s journey
in Brazil and has played a significant role in implementing important assets
and transactions for the company. We support his decision to step down on
personal grounds, and welcome him to his new role as member of the Advisory
Board.”
Prior
to joining Sterlite Power, Amitabh has held leadership roles in Indian, African
and European markets for organizations like Airtel, British Telecom, Ericsson,
Tata, DuPont and Xerox. Amitabh holds a Bachelor of Engineering Degree from
BIT, Sindri and Masters in Business Administration from FMS, Delhi with Global
Advance Management Diploma from Kellogg School of Management, NWU.
Sterlite Power has built a strong presence in the Brazilian power
transmission market since its entry in 2017. Currently with a portfolio of 7
projects in all regions of the country, the company successfully completed its
first project, Arcoverde, in 2019, in a record time of 28 months before the
regulatory deadline. The company is focused on the execution of its portfolio
in the country and remains at an advanced stage for the timely completion of
the Vineyards Project, the company's second in Brazil.
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