India: Hero Future Energies, renewable energy arm of the Hero group announced appointment of Ben Fraser as Chief Financial Officer of the company and its subsidiaries. He will oversee both India and overseas finance function from Delhi.
Ben brings rich and broad experience of over two decades in financial markets, energy, natural resources, construction, manufacturing, and ecommerce.
Rahul Munjal, Chairman & Manging Director of Hero Future Energies said, “Ben’s addition to the leadership team has coincided with challenging times during the global pandemic and as we expand our business footprints internationally. I believe that with his varied experience across sectors, he will bring in refreshing thoughts in managing the company’s finances, engaging shareholders and developing a strong operational base for HFE as we grow.”
Ben stated that, “This would be my first stint of working in India and with a team based here. I am excited to lead the group’s finance function to contribute to its future success in global markets, as the company executes the next phase of its strategy.”
Ben Fraser bio:
Ben is a Chartered Accountant (ICAEW), having trained with Deloitte in London. He brings on board a background of financial discipline and strong corporate governance from over two decades’ experience across diverse industries including financial markets, energy, natural resources, construction, manufacturing, ecommerce, and professional services.
He is bottom line focused and has a proven track record of achieving and maintaining business profitability and creating value for shareholders. He is passionate about taking challenges in developing and implementing new business strategies for profitable growth with multi country expansions. He demonstrates leadership skills across multiple functions, teams, and countries in creating a sustainable impact.
Ben has wide international experience, including in Eastern Europe and the Far East. He has overseen cross border transactions and billions of dollars of capex investment programmes. His leadership style is combining strategic and tactical subject expertise with collaborative approach.
Prior to joining HFE, Ben has worked as CFO for a decade, including for a company with a premium listing on the LSE and for a national flagship exploration & production company with GDR listing He has also served as a Non-Executive Director, chaired a PLC Board and Audit Committee and been Group Risk Manager for a FTSE100 company. Previously he has held roles with HSBC and Rothschild.
About Hero Future Energies:
HFE is a third-generation entrepreneurial company and part of the Munjal family’s Hero Group (the “Group”), which includes Hero MotoCorp the dominant leader in the domestic motorbike industry in India. HFE was established in 2012 as a deliberate strategic decision by the Group to enter the high growth market of power generation from clean and renewable sources of energy.
The current portfolio includes 1.5 GW of wind and solar power and an additional 1.5GW under construction or planned. The Company has a 2024 growth target of 5GW of installed and operating capacity. Alongside traditional renewable projects of solar and wind, HFE will look to deliver futuristic renewable energy projects utilising new technologies including battery storage and floating solar.