ACC has appointed Sridhar Balakrishnan as its new Managing Director and Chief Executive Officer effective from February 21, 020. Sridhar will be taking over the position from Neeraj Akhoury who has resigned with effect from close of business hours of February 20, 2020 to take over the role of Managing Director and Chief Executive Officer of Ambuja Cements. Neeraj will continue as a non-executive member of ACC’s Board of Directors.
N S Sekhsaria, Chairman of the Board, ACC stated, “We wish Neeraj all the best for the future and thank him for his valuable contribution to the Company’s growth and success. At the same time, we are also pleased to have Sridhar take over the position of Managing Director and Chief Executive Officer. Sridhar has been with the Company since July 2018. He is an excellent professional and leader with experience in P&L and market facing roles in diverse industries. We wish Sridhar all the best to lead the Company further to higher levels.”