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After completing the acquisition of Ambuja Cements Ltd and ACC Ltd, billionaire Gautam Adani has been appointed as chairman on Ambuja Cements’ board.
His elder son Karan Adani was appointed as the chairman and non-executive non-independent director of ACC Ltd. Karan will also be a non-executive director at Ambuja Cements.
Vinay Prakash and Arun Kumar Anand were appointed as non-executive non-independent directors at ACC. Meanwhile, Sandeep Singhi, Nitin Shukla and Rajeev Agarwal were named as independent directors.
Sridhar Balakrishnan has been redesignated as whole-time director and chief executive officer from managing director and CEO earlier.
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Image and article originally from www.bqprime.com. Read the original article here.