RIR Power Electronics Names CEO; Shares Down 7%

MT Newswires Live16:08

RIR Power Electronics (BOM:517035) has appointed Ramesh Kumar Narsinghbhan as the managing director and chief executive officer of the company with effect from Feb. 11, according to a BSE filing on Monday.

He succeeds CEO R.G. Trasi, who will step down from the position and reassume the roles of chief technology officer and chief financial officer.

Narsinghbhan most recently served as a CEO at Diffusion Engineers.

The company's shares were down nearly 7% in recent trade.

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