IndiGo replaces its CFO, brings in GE veteran

MUMBAI: IndiGo Friday announed the appointment of a new chief financial officer and the resignation of the incumbent one. Aditya Pande, from General Electric replaced Rohit Philip. The latter will resign from the company on September 16.

Prior to IndiGo, Pande was with GE since 1998. His last position was as CFO, GE Healthcare (India, Africa, ASEAN and Asia-Pacific). Previously, he was Group CFO-GE South Asia where he was leading the finance function for its business across all verticals.

IndiGo earlier this year signed a $20 billion contract with CFM-a joint venture between GE and France’s Safran-to buy engines for its planes.

Philip had joined the airline in July 2016 as its CFO. Philip had close to three decades with United Airlines also the former employer of co-founder Rakesh Gangwal. He is said to have been brought in at Gangwal’s behest.

Gangwal has been engaged in a bitter feud with partner Rahul Bhatia on what he says are irregular related party transactions and unusually skewed shareholder rights to Bhatia.


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