Saudi-based Red Sea Housing Services Company (RSHS), a leader in modular housing solutions, has appointed Prabhakar Kesavan, an industry veteran, as its new chief financial officer.

In his new role, Kesavan will oversee the finance, accounting, tax and treasury departments of RSHS’s industrial housing, building materials, and affordable housing platforms.

Based on his 25 years of professional experience in finance, Kesavan was selected from a comprehensive list of distinguished global peers by RSHS’s senior management team and the Nomination and Compensation Committee of the company's board of directors, said a statement from the Saudi company.

In his current capacity as group chief financial officer, he will collaborate in delivering RSHS’s 2020 growth strategy.

Welcoming Kesavan into the team, CEO Joseph Vecchiolla described him as a highly experienced professional with strong industry experience and leadership and an astute finance and accounting background.

"He is an ideal candidate for the position of CFO of RSHS to drive the company’s 2020 growth strategy. We welcome him to our team and look forward to his contributions to the success and growth of the company," he noted.

Prior to joining RSHS, Kesavan held senior positions of increasing responsibility over a period of 16 years with Aggreko, an FTSE 100 solutions provider engaged in the rental of temporary power and temperature control, said a statement from the Saudi company.

In addition, Prabhakar has spent nine years holding a financial leadership position with the Tata Group, a $100-billion Indian conglomerate of over 90 companies, it stated.

Throughout an illustrious career in corporate finance, Kesavan has garnered extensive experience throughout the Middle East, Africa, Australasia and Latin America, serving in financial and profit and loss (P&L) operating roles which contributed to significant organic growth and mergers and acquisitions.

Kesavan holds a Bachelor’s Degree in Commerce from the University of Madras, India and is an Associate Member of the Institute of Chartered Accountants (ICA). He has also completed various other management development courses with specialisation in finance and international business.-TradeArabia News Service