| | JUNE 20238Vertiv, a global provider of critical digital infrastructure and continuity solutions announced that Anand Sanghi has been appointed President, Americas effective July 1, 2023. Sanghi currently serves as President, Australia, New Zealand, Southeast Asia and India (ASI) and will continue to serve in this role until the end of June. As President, Americas, Sanghi will have responsibility for the Americas business, leveraging his success in Asia Pacific and vast experience in technology and engineering to further enhance the performance of Vertiv's Americas region. With 29 years across Emerson and Vertiv, Sanghi brings with him extensive industry knowledge and a proven track record of driving top- and bottom-line growth as well as expanding Vertiv's manufacturing footprint in ASI. In connection with Sanghi's appointment to the President, Americas role, Giordano Albertazzi, the Company's Chief Executive Officer and current President, Americas will step down from the President, Americas role. Albertazzi will remain the Company's Chief Executive Officer and a director on the Company's Board of Directors.Sanghi joined Vertiv's forerunner, Emerson, in 1994 and has held senior Asia Pacific leadership positions at Vertiv since 2017. He was named President, ASI in 2021."Anand brings tremendous experience, a keen understanding of the business and a relentless focus on operational excellence to our Americas business, which is in the midst of a rapid turnaround with organic revenue growth over 60 percent and adjusted operating margin more than doubling in the first quarter of 2023 compared to the prior year quarter," said Giordano Albertazzi, Vertiv CEO. "He is the right person to continue to drive the Americas' ongoing transformation and further advance our progress in creating a high performance culture." On June 2, India's Tata Group signed an outline agreement to build a lithium-ion cell factory for approximately 130 billion rupees ($1.58 billion), as part of the country's efforts to develop its own electric vehicle supply chain.India's automobile market is insignificant in comparison to the country's population. Tata Motors dominates electric vehicle (EV) sales, which account for less than one percent of India's total car sales of approximately 3.8 million last year.According to a joint statement on the memorandum of understanding, work on the plant, to be based in Sanand, northern Gujarat, is expected to begin in less than three years.It would have initial manufacturing capacity of 20 Gigawatt hours (GWh), which could be doubled in a second phase of expansion, the statement said."The plant will go a long way in contributing to the development of the EV ecosystem in Gujarat and India," Vijay Nehra, an official in the Gujarat state government told. ANAND SANGHI TO HELM VERTIV'S AMERICAS DIVISIONTATA GROUP TO INVEST $1.5 BILLION TO BUILD AN EV BATTERY MANUFACTURING PLANT IN GUJARATIN FOCUSIN FOCUS
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