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AS Rao to join RPG as chief financial officer

BANGALORE: Amarthaluru Subba Rao, former group chief financial officer (CFO) ofGMR Group, will join RPG Group as CFO in the first week of August. 

"Subbarao will will be a member of the management board of RPG," said a company statement in reply to an email. 

Rao has served with the infrastructure conglomerate, GMR, for just over 13 years and will hand over the reins to Madhu Terdal by July-end. He has also worked with ITW Signode, Kotak Mahindra before joining GMR in 1999. 

RPG, on the other hand, had this post vacant because Manish Dugar who joined as CFO last year resigned. "Dugar resigned to pursue interests outside RPG Group," said the statement. 

Just a year ago, Dugar had quit 
WiproBSE -0.68 % as the CEO of its business process outsourcing arm, prior to which he was the CFO of the IT division.