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home / news releases / AZRE - Azure Power CEO Gupta COO Subramanian resign

AZRE - Azure Power CEO Gupta COO Subramanian resign

Azure Power Global Limited Equity Shares
Azure Power Global (NYSE:AZRE) -6.5% pre-market after announcing Tuesday the resignations of CEO Ranjit Gupta and COO Murali Subramanian, effective immediately, in order to pursue other opportunities. The India-based power company said Chairman Alan Rosling will become interim CEO; a search process has begun to select a new CEO. Gupta was named CEO and Subramanian was appointed COO in July 2019; they were co-founders of Ostro Energy, a start-up enterprise that grew into one of India's leading renewable energy companies. Azure Power (AZRE) is "positioned to ride the renewable wave," F-Stat Research Partners writes in a bullish analysis posted on Seeking Alpha.

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Azure Power CEO Gupta, COO Subramanian resign
Stock Information
Company Name: Azure Power Global Limited Equity Shares
Stock Symbol: AZRE
Market: NYSE
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