The title of the CFO of the Year for 2003 has been conferred on Hero Honda Motors vice president finance Ravi Sud for his contribution to the finance function and in strategically partnering the CEO.
The India CFO Awards 2003 also bestowed honour to PK Ghose of Tata Chemicals, BR Jaju of Crompton Greaves, Raj Dutta of Wipro Spectramind Services and R Rajagopalan of Cognizant Technology solutions for their achievements in areas of cost optimisation, business transformation, managing finance in the small and medium enterprise (SME), and mergers and acquisitions respectively.
The awards this year were adjudged by an independent jury consisting of eminent industry and government representatives former chairman of Telecom Regulatory Authority of India MS Verma, Godrej Industries chairman Adi Godrej, Piramal Enterprises chairman Ajay Piramal, International Asset Reconstruction Company vice chairman Arun Duggal, Nestle India chairman and managing director Carlo Donati among others.
Announcing the awards, Mr Verma said, In the era of globalisation, the role of CFO has completely changed with the changing ways of doing business. But more than that, the changing expectations of all stakeholders has become extremely crucial. So the most important parameter which was looked during the selection was the manner in which initiatives were conceptualised and implemented.