ACC Limited announced the appointment of Sridhar Balakrishnan as its new Managing Director and Chief Executive Officer, effective February 21, 2020.
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 Limited. Neeraj will continue as a non-executive member of ACC Limited’s Board of Directors.
N S Sekhsaria, Chairman of the Board, ACC Limited 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.”
Prior to this, Sridhar was the Chief Commercial Officer, where he handled the responsibility for driving revenue growth and profitability for the organisation and proved instrumental in the Company’s expansion, distribution growth, market share amongst other aspects.
Sridhar has a vast experience of 22 years in the FMCG industry, performing different roles such as handling sales, business finance and supply chain for India to managing P&L across international geographies. His extensive leadership experience and expertise across markets make him a strong asset to the future growth strategy of the Company.
Sridhar holds a B. Tech (Electronics) degree from the Institute of Technology (Banaras Hindu University), Varanasi, and has a post graduate diploma in Business Management from XLRI, Jamshedpur.
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