HCC appoints Arjun Dhawan as Whole Time Director and Group CEO

Hindustan Construction Company (HCC) has appointed Arjun Dhawan as the Whole Time Director & Group CEO wef April 1, 2017, as Rajgopal Nogja has decided to step down from the Group CEO’s post to pursue his own interests. Nogja shall continue in his present role till March 31, 2017. He will, however, continue to be a Delegate of the Board of Steiner AG, Switzerland, a HCC Group Company on a 20 per cent time commitment basis. “Rajgopal’s leadership has made significant contribution to HCC’s success as the country’s premier infrastructure company during a difficult economic period. We understand and support his decision to step down and wish him well. Rajgopal will remain associated with the HCC Group by continuing to oversee Steiner AG, Switzerland,” said Ajit Gulabchand, Chairman and Managing Director, HCC. Dhawan will oversee the HCC Group businesses including HCC, HCC Concessions, Lavasa Corporation, Steiner India, Charosa Wineries, etc. Prior to being appointed to this position, Dhawan has been the President & CEO of the Infrastructure business since November 2009. As Gulabchand shares “Arjun is deeply familiar with the company's strategy and leadership team. HCC’s growing order backlog and the receipt of over Rs 2,000 crore of arbitration monies post the cabinet decision has poised HCC for success. We are confident the company will grow and deliver robust performance under his stewardship.” Dhawan holds an MBA from Harvard Business School and is a BA in Mathematics and Economics from Middlebury College. Prior to starting his career at HCC, Dhawan acquired global expertise in the area of investment management across various businesses and industries. As Managing Director with Arya Capital Management (Mumbai) and formerly with Trellus Management Company (New York), Dhawan oversaw material portfolios comprising equity investments and real estate assets. During an earlier stint with Banc of America Securities, he helped build a proprietary investment group focused on distressed strategic assets. As a former investment banker in New York with Donaldson, Lufkin & Jenrette and Credit Suisse First Boston, Dhawan has executed large leveraged buyout, high yield, M&A and equity transactions across multiple industries and geographies.