Ambuja Cements Limited announced today the appointment of Mr. Nee raj Akhoury as its new Managing Director and Chief Executive Officer with effect from 21st February, 2020. Mr. Akhoury will be taking over the position from Mr. Bimlendra Jha who has resigned with effect from 20th February, 2020 to pursue other interests.
Mr. Akhoury has twenty-seven years of strong leadership experience across multiple roles including sales and marketing, logistics, corporate affairs including corporate social responsibility, strategy and business development. Mr Akhoury was the Managing Director and Chief Executive Officer of ACC Limited since February, 2017. During Mr. Akhoury's tenure with ACC Limited, he was instrumental in the expansion, distribution growth, market share and profitability amongst other aspects.
Mr. N.S. Sekhsaria, Chairman of the Board, Ambuja Cements Limited stated, "We are pleased to have Nee raj take over the position of Managing Director and Chief Executive Officer. NeeraL a cement industry veteran, has years of experience in this business in India and abroad. We are confident that Neeraj will lead Ambuja further to higher levels.
We wish to respect Bimlendra's personal decision and thank him for his valuable contribution to the Company and wish him all the best for the future."
Shares of AMBUJA CEMENTS LTD. was last trading in BSE at Rs.205.7 as compared to the previous close of Rs. 205.95. The total number of shares traded during the day was 110374 in over 2079 trades.
The stock hit an intraday high of Rs. 210.2 and intraday low of 204.55. The net turnover during the day was Rs. 22896912.