IDEX Chief Financial Officer Abhi Khandelwal is leaving for another professional opportunity.
Through two stints with the IDEX finance organization over a dozen years combined, many have come to know Abhi well. While disappointed to see him leave, we respect his decision to pursue a position with another organization.
This new opportunity aligns more with Abhi’s desire to work with a company earlier in its lifecycle to help build structures similar to the early years of IDEX. We thank him for his contributions over the years and wish him well in his new pursuits.
External Search Begun
We have begun an external search for an experienced Chief Financial Officer who will be well positioned to provide strategic leadership during the ongoing execution of our growth strategy, the scaling of our finance and IT functions, and the deployment of our capital strategy.
Interim CFO Appointed
Akhil Mahendra, VP, Corporate Development, will serve as Interim Chief Financial Officer beginning on May 30. This will be in addition to Akhil’s Corporate Development responsibilities. Akhil has been an integral player in our Corporate Development and M&A activities, including our most recent acquisitions.
Akhil joined IDEX in June 2023 and has been front-and-center with our capital deployment strategy, portfolio analysis and management, and engaging externally to share our value creation strategy. Prior to IDEX, Akhil led multiple M&A and capital market transactions, including an IPO at Rivian Automotive, and held several banking leadership roles at Morgan Stanley and Barclays Capital.
Given our current strategic focus, he’s the right person for this moment. He is surrounded by a strong finance team with well-established financial controllership. The foundation of excellence in place, along with a talented finance team deeply respected by the business leaders, sets us up well to lead through this time of change.
Our strategy, the teams we have across the organization, and the businesses we have working together in more dynamic ways than ever before have us positioned for a bright future. As you have the opportunity, please thank Abhi for his many years of service to our organization and wish him well in his new venture.