MAC Holdings announces Fumio Otani as new chairman

The company announced the appointment of above as the newly appointed chairman of the Board at MAC Holdings Private Limited. He will take over this role, from the incumbent Chairman / Managing Director, Andre Fernando who will be relinquishing his chairmanship and taking over as Managing Director of the group.

“I’m honored to be named as chairman of the Board for MAC Holdings Private Limited and excited to support the next chapter in the company’s success,” said Fumio Otani. “MAC Group of companies is already a leader in its varied sectors which they engaged in, but I believe it has the potential to grow much further. I’m looking forward to working with the board and management team to build the business through innovation, product & sector enhancements, special focus on power & renewable energy, while explore investment opportunities to the group of companies.”

Otani is a Japanese national, educated at the Tokyo Metropolitan University with a bachelor’s in mechanical engineering and having followed management programs in respected institutions such as Harvard business School. He has held multitude corporate positions during his illustrated carrier spanning 38 years at Toshiba Corp. (Toshiba Energy Systems & Solutions Corp, Toshiba Americas & Toshiba Asia Pacific). His forte has been, company restructuring, digital transformation and special interest on to Thermal, Hydro and Renewable energy business systems.