Allcargo appoints Ravi Jakhar as Director - Strategy & Group CFO

Allcargo Group has appointed Ravi Jakhar as Director - Strategy & Group CFO.

Jakhar assumes the new position after serving as Group Chief Strategy Officer for the last few years, says an official release.

"In this new role, Jakhar will lead Allcargo Group’s overall strategy and finance function. He will functionally oversee CFOs across all group companies including Allcargo’s wholly-owned global subsidiary ECU Worldwide, Allcargo Terminals, Allcargo Gati and TransIndia Real Estate. He will also be responsible for group wide centres of excellence spanning legal, internal audit, investor relations and mergers & acquisitions."

Jakhar will closely work with Shashi Kiran Shetty, Founder and Chairman, Allcargo Group to shape long-term growth strategies and drive the vision for institution building. He will continue to oversee the Latin America and Oceania region along with various joint ventures across the globe, the release added.

"Ravi has played a key role in our strategic and financial initiatives in recent years," says Shetty. "His flair for initiative and risk taking abilities with a balanced approach make him a strong leader. He has turned around Latin America in a very quick time, bringing key people on board and contributed immensely to the group. Ravi, together with the support of a skilled finance team around the world and respected members of board of directors, internationally & domestically, will work towards the mission to accomplish world class finance organisation for the group. I wish Ravi continued success in his expanded responsibilities."

Commenting on his new role, Jakhar adds: "I am truly honoured by the trust placed in me and am excited to take on additional responsibility. I see immense opportunities for growth for our group across all businesses and also believe that we can create significant value for all stakeholders with sharper focus on financial management. I place a very high focus on governance, building systems & processes and creating an agile organisation. We shall continue to build a world class institution by investing in the right people and talent and continuing to be resilient in the face of all adversities and driving change through tech and commercial mindset. I look forward to charting the Group’s next phase of growth."

Jakhar holds a B.Tech from IIT BHU and has completed an executive course in entrepreneurship at Harvard Business School, the release added.