Ashish Bhandari to succeed Unnikrishnan as Thermax MD & CEO

Ashish is an engineering graduate from the IIT, Mumbai, and received his Master’s degree in Business Administration from Duke University.

Thermax announces the appointment of Ashish Bhandari as the Joint Managing Director of the Thermax Group, effective from April 20. M S Unnikrishnan, Managing Director and CEO Thermax will retire on June 30, 2020 following which Bhandari will move into the role of Managing Director and CEO. Ashish will be joining Thermax from Baker Hughes where he is currently the Vice President – India & South Asia region. Ashish is an engineering graduate from the IIT, Mumbai, and received his Master’s degree in Business Administration from Duke University.

Meher Pudumjee, Chairperson of the Board said, “We are delighted to have Ashish join us as Joint MD of Thermax. He has nearly three decades of global experience with a strong track record of growing diverse businesses. The Board believes that he is the right person to succeed Unny who has successfully led Thermax over the last 13 years.”

On behalf of the family and the Board, Thermax would like to thank Unny for tirelessly and selflessly serving the organisation, upholding the culture and its values and successfully steering it into a purpose driven, value based global enterprise. “I have long admired Thermax as India’s foremost technology driven industrial company. I thank Meher and the Thermax Board for giving me this opportunity,” says Ashish.

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