Ola Electric Mobility has appointed Deepak Rastogi as its new Chief Financial Officer with effect from January 20, following the resignation of current CFO Harish Abichandani, who stepped down citing personal reasons.
In a regulatory filing, the company said its board approved the appointment of Rastogi at its meeting held on January 19. He will also serve as key managerial personnel and will be part of the senior management team of Ola Electric. The Board noted Abichandani’s resignation by the close of business on January 19 and expressed its appreciation for his contributions during his tenure.
In his resignation letter addressed to founder and CEO Bhavish Aggarwal, Abichandani cited personal reasons for stepping down and requested to be relieved on the same day.
Rastogi has over three decades of experience in finance, strategy and corporate governance across capital-intensive sectors including automotive, manufacturing, chemicals and real estate. A Chartered Accountant and MBA, he has held senior finance leadership roles in organizations such as Tata Autocomp Systems, The Timken Company, Alcatel, DuPont, Castrol and Raymond.
According to Ola Electric, Rastogi has advised and led nearly $1 billion of equity transactions, including initial public offerings and cross-border mergers and acquisitions, and serves on the boards of several listed companies.
The leadership change comes amid a string of senior-level exits at the electric vehicle maker in recent years.