Texmaco Rail & Engineering Limited has announced the appointment of Shri Shibu Mathews as its new Chief Financial Officer (CFO). The decision was approved by the Board of Directors following recommendations from the Nomination and Remuneration Committee and the Audit Committee. Mr. Mathews brings over 26 years of experience in finance leadership roles across various large Indian and multinational organizations. His tenure as CFO officially commenced on September 5, 2026.
Texmaco Rail & Engineering Welcomes New CFO
Texmaco Rail & Engineering Limited has officially announced the appointment of Shri Shibu Mathews to the key position of Chief Financial Officer (CFO). This significant decision was formalized by the company’s Board of Directors during a meeting held on September 5, 2026. The appointment follows a thorough recommendation process by the Nomination and Remuneration Committee and subsequent approval from the Audit Committee, underscoring a rigorous governance procedure.
Experienced Leadership at the Helm
Shri Shibu Mathews brings a wealth of experience to his new role, boasting over 26 years of dedicated service in high-level finance leadership. His professional journey includes extensive tenures with prominent Indian and multinational corporations such as MRF Ltd., Bharti Airtel, and ITC Ltd. Mr. Mathews possesses deep expertise in critical financial areas including Corporate Treasury, Financial Planning & Strategy, Business Finance, Risk Management, and Capital Allocation. His background also encompasses Manufacturing Finance, Project Implementation, and Supply Chain Management, providing a broad operational perspective.
Formal Commencement of Duties
The appointment of Shri Shibu Mathews as the Chief Financial Officer is effective from Saturday, September 5, 2026. This strategic leadership change is expected to guide Texmaco Rail & Engineering’s financial direction and contribute to its ongoing growth and operational efficiency. The company views this appointment as a pivotal step in strengthening its financial management capabilities.
Source: BSE
