Ola Electric Names New CFO Amid Leadership Shake-Up

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Overview

Ola Electric Mobility has appointed Deepak Rastogi as its new Chief Financial Officer, effective January 20. He succeeds Harish Abichandani, who resigned due to personal reasons. Rastogi brings over three decades of finance, strategy, and governance experience across capital-intensive sectors, including automotive and manufacturing. His background includes leading significant equity transactions and board roles, as Ola Electric navigates ongoing leadership changes.

New Financial Leadership Appointed

Ola Electric Mobility has named Deepak Rastogi as its new Chief Financial Officer, with the appointment effective January 20. Rastogi steps into the role previously held by Harish Abichandani, who resigned citing personal reasons. The board formally approved Rastogi's appointment on January 19.

Extensive Financial Expertise

Rastogi brings a wealth of experience spanning over three decades in finance, strategy, and governance. His career includes senior finance leadership roles across various capital-intensive industries such as automotive, manufacturing, chemicals, and real estate. He has a proven track record, having advised on and led equity transactions worth approximately $1 billion, encompassing IPOs and cross-border mergers and acquisitions. Rastogi has also served on the boards of several listed companies.

Navigating Leadership Transitions

The appointment of Rastogi occurs during a period of significant leadership evolution at Ola Electric. The company has experienced several senior executive departures in recent years, making this transition a key moment for organizational stability and strategic direction. The company has not disclosed further details regarding the circumstances of the CFO change beyond the stated reasons in regulatory filings.

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