Mayank Khandelwal, Executive Vice President and Chief Financial Officer (CFO), NEC Corporation India, has been elevated to Head of Finance for the company's Global Regional Headquarters (RHQ) and Country Affiliates (CA) across the world, effective April 1, 2023. 

The elevation comes in line with NEC Corporation’s rollout of a new organisation structure to catalyse and augment the next phase of growth.

With this new structure, the CFOs of the worldwide regional headquarters and countries will work with Khandelwal to assist NEC in achieving its objectives while placing a strong emphasis in driving greater profitability, cash management and controllership and financial compliance.

During his three-year tenure at NEC India, Khandelwal has been a driving force behind the growth and progress of the finance function in the region. He has played a key role in strengthening and strategising the India growth story and institutionalised a strong operating mechanism, greater focus on key business metrics and compliance as a whole. 

“With his rich domain experience, he will spearhead and further solidify the global finance function for NEC,” the company said in a statement.

Khandelwal’s elevation follows NEC’s recent efforts to expedite the growth of its global business units and the subsequent elevation of Aalok Kumar, President & CEO, NEC India, to a global role wherein he will be heading Global Smart City Business in addition to India responsibilities.