Karan Adani made Adani Ports’ MD; Gautam Adani to be executive chairman

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NEW DELHI: Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday elevated CEO Karan Adani to the role of MD, a position that was held by Adani Group chairman Gautam Adani who has now re-designated as the port major’s executive chairman. Former global COO of Nissan Motors Ashwani Gupta will be the company’s new CEO.
India’s largest ports and logistics company, APSEZ is one of the fastest-growing integrated transport utilities in the world with the company crediting Karan Adani for the same.
“Under the leadership of Karan Adani in his term as CEO, APSEZ has experienced a period of remarkable growth, significantly contributing to the nation’s infrastructure development. Beginning his career with the Adani Group in 2009 at Mundra Port, he took over as CEO in 2016, after which the APSEZ portfolio rapidly expanded with the addition of four ports and terminals in India, one in Sri Lanka and one in Israel,” the company said in a statement.
“Following a series of strategic expansions and partnerships, APSEZ has become India’s fastest growing and largest private sector port developer and operator, with a spread of 14 ports along India’s coastline and two ports outside India. Along with its subsidiary, Adani Logistics Ltd, APSEZ is also the largest and most diversified private rail operator in India, with a considerable share in both logistics and the harbour & dredging business,” it added.
Karan Adani said: “We are delighted to welcome Ashwani Gupta as the new CEO of APSEZ. His appointment is a strategic move to strengthen our global leadership position in the port sector. We are confident that his expertise, leadership skills and global exposure will drive exceptional growth and foster new international partnerships aligned with the Adani Group’s vision for expansion and innovation.”

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