Adani Group Chairman Gautam Adani’s son Karan Adani has been appointed as the CEO of Adani Ports and SEZ (APSEZ) with effect from January 1, 2016.

APSEZ said in a regulatory filing that he will take over the top job from outgoing CEO Sudipta Bhattacharya, who is moving to the US as the CEO for North America.

It further added that the Board has accepted the “resignation of Bhattacharya as the CEO of APSEZ with effect from December 31, 2015”.

It has also approved the “appointment of Karan, Executive Director (non- board position) as CEO of the company with effect from January 1, 2016.”

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