– ISLE OF MAN, Douglas – OPG Power Ventures Plc (LON: OPG), the developer and operator of power generation plants in India, today announced that Michael Grasby and Jeremy Beeton will stand down as directors of the Company on 25 November 2019 and in March 2020 respectively.
Commenting on the Board changes, Executive Chairman Arvind Gupta said: “On behalf of the Board, as well as in a personal capacity, I would like to record our thanks to Mike Grasby and Jeremy Beeton for their considerable contribution to the Company during its formative decade since Admission and wish them every success in the future.”
The Company announces that it intends to appoint two new non-executive directors, the first of which Mr N Kumar is expected to be appointed on 25 November 2019.
Mr Grasby joined the Board of OPG in May 2008 and has supported the Company through a period of immense change and progress and has provided guidance and contributed to the implementation of technical, organisational and health and safety systems. Mr Beeton joined OPG in November 2016 and has provided welcome guidance and support during his term on the Board.
Mr Kumar is Vice Chairman of The Sanmar Group and is on the Board of a number of companies. He was previously President of Confederation of Indian Industry.
The Company has commenced the search for a second replacement NED, to ensure that the Company maintains the appropriate level of governance and board experience following the departure of Mr Grasby and Mr Beeton.
For more information: http://www.opgpower.com
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