Vagadia took the reins as CFO last spring after Robin Banerjee left the company for a job in the pharmaceutical sector at a time when Suzlon faced growing uncertainty over its ability to meet its debt obligations.
Agarwal joins Suzlon at a time when the company appears on a relatively more stable footing, having agreed a $1.8bn financial restructuring package with lenders in January that gives it more time to repay its loans and lowers its interest rates.
Suzlon, the world’s fifth largest wind-turbine maker with REpower taken into account, says that deal gives it the “headroom” it needs to execute on its order book and grow its momentum.
Banerjee,
