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| Exchange Disseminated Time | Ambuja Cements Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 24, 2014, inter alia, have approved the following :
Change in Directorate
1. Approved the appointment of Ms. Usha Sangwan on the Board as an Additional Director. Ms. Usha Sangwan is the Managing Director of Life Insurance Corporation of India and has over 30 years of experience in Insurance, Marketing and Financial sector.
Her key areas of expertise are Business analytics, Business strategy, People Skill, use of technology particularly in marketing and servicing and setting up of systems.
The Board has considered Ms. Usha Sangwan as Non-Independent Director in terms of the provisions of the Companies Act, 2013.
2. Mr. Onne van der Weijde, the Managing Director has stepped down from the Board of the Company w.e.f. April 25, 2014 pursuant to his going back to Holcim.
The Board of Directors have placed its appreciation for the valuable service rendered by Mr. Onne van der Weijde during his tenure as the Managing Director of the Company.
3. Approved the appointment of Mr. Ajay Kapur, currently the Dy. Managing Director & CEO as the Managing Director & CEO of the Company w.e.f. April 25, 2014. |
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