Swan’s Shipyard Appoints New CEO

• Admiral Saxena to lead Swan Shipyard’s transformation with over 37 years of naval and shipbuilding leadership.
• Mr. Saxena will focus on driving strategic initiatives, enhancing operational efficiency, and fostering growth.

Mumbai,10^th October 2024: Swan’s Shipyard, a subsidiary of Swan Energy Limited (SEL), has appointed Rear Admiral Vipin Kumar Saxena (IN Retd.) as Chief Executive Officer. Admiral Saxena’s appointment marks a pivotal step in the company’s ongoing transformation. In this critical role, he will lead the shipyard’s operations, with a focus on driving future growth, modernization, and expansion across critical areas of shipbuilding and marine infrastructure.

Admiral Saxena brings with him over 37 years of distinguished service in the Indian Navy and leadership roles across the shipbuilding and defence sectors. He has overseen several high- profile projects, including the construction, refit, and modernization of warships and submarines for the Indian Navy. Most recently, he served as Chairman and Managing Director of Garden Reach Shipbuilders & Engineers Ltd., where he led key strategic growth and transformation initiatives.

Welcoming Admiral Saxena, Mr. Vivek Merchant, Director of Swan’s Shipyard, said: “We are delighted to have Admiral Saxena in our executive team. His vast experience in the maritime sector, particularly in overseeing complex shipbuilding projects, will be invaluable as we drive innovation and modernization at the shipyard. His leadership comes at a critical time as we strengthen India’s shipbuilding capacity and advance our vision of establishing the nation as a global hub. We are confident that his expertise will propel the company into its next phase of growth. I welcome Admiral Saxena to the Swan family and wish him every success in his new role.”

Commenting on his appointment, Rear Admiral Vipin Kumar Saxena (IN Retd.) said: “I am honored to join Swan’s Shipyard at such a transformative time. With our shared goal of enhancing India’s shipbuilding capacity, I look forward to collaborating with the team and stakeholders to position Swan’s Shipyard as a leader in the maritime sector. Together, we will contribute to the nation’s self-reliance and attract greater global demand for India’s shipbuilding capabilities.”

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