Castrol India appoints Deepesh Baxi as CFO

Castrol India Limited announced on December 1 that Mr Deepesh Baxi will succeed Ms Rashmi Joshi as Chief Financial Officer (CFO) and Wholetime Director, as she steps down from her current position on December 31, 2020.

Mr Baxi, who is currently Financial Controller for Castrol’s businesses globally, will take up the role and join the Board on January 1, 2021. Ms Joshi will move to another leadership position after having served Castrol India for seven years as CFO and Wholetime Director. The two will work together between now and the end of December to ensure a seamless transition.

Castrol India Chairman, Mr R Gopalakrishnan, said, “Rashmi has played a key leadership role offering financial stewardship and strategic insights to the business as it undertook several successful transitions during her tenure as CFO. On behalf of the Board, I would like to thank Rashmi for all she has done for Castrol India and extend a warm welcome to Deepesh.”