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- Aditya Pande has been appointed as the Group CEO of InterGlobe, the parent company of IndiGo.
- He has also served as the CFO of Udaan and IndiGo.
- Aditya’s appointment is in line with the company’s strategic efforts to diversify its operations globally, the company said in a press release on 22nd January.
Effective Date
Aditya’s appointment as the new CEO of InterGlobe is set to become effective from 1st March.
Reporting Structure
Aditya will report directly to Rahul Bhatia, the Managing Director of InterGlobe Enterprises.
Shift in Leadership
Aditya’s return to InterGlobe signifies a significant shift in the company’s leadership, indicating aspirations beyond its traditional aviation focus.
As CEO, Aditya will be responsible:
- Setting InterGlobe’s strategic agenda
- Overseeing leadership
- Managing corporate staff functions, excluding IndiGo.
Professional Background
May 1992 – January 1998: Arthur Andersen & Co. – Senior Consultant
January 2004- July 2005: GE Corporate – FP&A Manager
July 2005 – January 2008: GENPACT – Vice President Global FP&A
January 2008 – December 2010: GE South Asia – GE Programs, Manager
January 2010 – June 2012: GE South Asia – Controller
July 2012 – August 2019: GE Healthcare South Asia CFO (2012-2014: Led finance for the $600MM business arm of GE Healthcare in India leading a team of 60 finance resources.
January 2015 – September 2019: GE Healthcare – Regional CFO for India, Africa, ASEAN and the Middle East
September 2019 – February 2021: IndiGo (InterGlobe Aviation Ltd) – CFO
February 2021- February 2024: udaan.com – CFO
March 2024: InterGlobe Enterprises – Group CEO
Financial Management Expertise
Aditya played a crucial role in managing the financial aspects of IndiGo and other companies, showcasing strong financial management and strategic decision-making skills over 25 years.
Beyond Aviation
InterGlobe Enterprises is a large Indian conglomerate employing more than 55,000 professionals across 28+ countries and 120+ cities globally.
InterGlobe’s business ventures include civil aviation (IndiGo), Hospitality, airline management, travel commerce, Advanced Pilot Training, aircraft maintenance engineering, and logistics.
Aditya’s appointment aligns with InterGlobe’s strategic move beyond traditional aviation, with plans to expand into new territories.
His deep knowledge of finance and operations will be invaluable in accomplishing IntetGlobe’s goals.
Closing…
Chief Financial Officers are progressing to Chief Executive Officer roles, now more than ever. It has increased by 20% in the last three years in India.
Here are several instances of such remarkable transitions.
- Indra Nooyi first served as the President and CFO of PepsiCo from 2001 to 2006 before taking on the mantle of Chairman and CEO.
- Rajesh Gopinathan was the CFO of Tata Consultancy Services from 2013 to 2017 before becoming the CEO.
- Sunil Mathur served as the CFO of Siemens from 2008 to 2013, then took on the responsibility of Managing Director & CEO.
- Praveen Kadle held the CFO & Head of Corporate Affairs roles at Tata Motors from 1996 to 2001. In 2008 he was appointed as the Managing Director and CEO of Tata Capitol.
- Prashant Kumar served as the Managing Director and CFO from 2018 to 2020 before becoming the CEO at YES BANK.
As financial stewards, CFOs gain invaluable insights into a company’s operations, industry, and growth opportunities.
These experiences position them well for the multifaceted demands of the CEO position.
Many CFO-turned-CEOs have proven that a successful combination of financial expertise and motivational leadership abilities is essential for their success in this position.
Aditya