RHI Magnesita India, a leading manufacturer and supplier of high-grade refractory products, systems, and solutions, has appointed Azim Syed as its new Chief Financial Officer (CFO) and Chief Investor Relations Officer (CIRO), effective May 1, 2024. With over two decades of diverse industry experience, Syed joins the company’s leadership team to drive financial performance and operational efficiencies across the India, West Asia, and Africa regions.
Syed’s extensive background includes serving on the global leadership team at RHI Magnesita NV since 2019, where he played pivotal roles in managing global supply chains and integrated business planning, while spearheading strategic initiatives. His appointment underscores RHI Magnesita India’s commitment to strengthening its leadership team with top talent to drive growth and innovation in the refractories and industrial solutions segment.
Parmod Sagar, Managing Director & CEO of RHI Magnesita India Ltd., expressed his satisfaction with Syed’s appointment, stating, “We are pleased to welcome Azim to our leadership team as the Chief Financial Officer & Chief Investor Relations Officer. His vast experience and expertise will play a key role in driving our financial strategies and further strengthening the company’s position as a market leader in the region.”
Syed, reflecting on his new role, stated, “I am honoured to join RHI Magnesita India Ltd. as the CFO & CIRO and eagerly look forward to contributing to its continued success. It is indeed an exciting opportunity for me to leverage my experience and collaborate with talented teams to achieve our strategic objectives in the region.”
Azim brings extensive experience in strategic planning, financial acumen, and leadership, particularly in implementing integrated business planning methodologies across complex organizations. He holds an engineering degree from Madras University and has garnered experience across various sectors including technology, retail, industrial, and telecom.
His dual role as CFO & CIRO positions him to collaborate closely with the executive team, enhancing financial performance and fostering operational efficiencies. This appointment marks a significant milestone for RHI Magnesita India Ltd. as it continues to solidify its position as a market leader in the refractories and industrial solutions sector, leveraging Syed’s expertise to drive sustainable growth and innovation.
