ACC Limited, a part of Adani Cement and one of India’s leading producers of cement and readymix concrete, announced it has appointed Ajay Kapur as Chief Executive Officer and Non-Executive Director on the company’s Board, with effect from December 3, 2022. He succeeds Sridhar Balakrishnan, who has resigned from the position of Whole-Time Director and CEO of the Company with effect from December 3, 2022.
Ameera Shah has been appointed as Woman Independent Director of the Company for a period of 3 years from December 3, 2022.
Kapur is an economics graduate from St. Xavier’s University, Mumbai and an MBA from K. J. Somaiya Institute of Management. He has also attended the Advanced Management Programme at The Wharton School of the University of Pennsylvania.
Kapur has been actively involved in various industry forums including CII, FICCI and ASSOCHAM, a statement said.
Ajay Kapur has 25+ years of experience in the cement and construction, power and heavy metals sector. He joined Ambuja Cement in 1993 as an Executive Assistant to the then Managing Director. He held various strategic positions over the last 2 decades and from 2014 to 2019, he served as the CEO and Managing Director of the Ambuja. Prior to joining the Adani Group in June 2022, Ajay Kapur was CEO-Aluminium and Power and MD-Commercial at Vedanta Ltd.
Ameera Shah is the Promoter & Managing Director of Metropolis Healthcare Ltd. For the last 20 years, Shah has focused on delivering sustained growth, built and led corporate functions, including finance, strategy, business process optimization, innovation, investor relations etc., the statement said.
Shah received a degree in Finance from The University of Texas at Austin and has also completed the prestigious Owner-President Management Program at Harvard Business School.
Shah has served as an Independent Director on the board of reputed Indian companies (Kaya, Shoppers Stop). She is an Independent Director on the board of Torrent Pharma and is also an advisor to Baylor College of Medicine. She is also on the global advisory board of AXA, a Paris headquartered company with $700 Billion under asset management.
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