At meeting held on 24 April 2014
Ambuja Cements has announced that the Board of Directors of the Company at its meeting held on 24 April 2014, inter alia, have approved the following :Change in Directorate
Approved the appointment of Usha Sangwan on the Board as an Additional Director. 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 Usha Sangwan as Non-Independent Director in terms of the provisions of the Companies Act, 2013.
Onne van der Weijde, the Managing Director has stepped down from the Board of the Company with effect from 25 April 2014 pursuant to his going back to Holcim.
The Board of Directors have placed its appreciation for the valuable service rendered by Onne van der Weijde during his tenure as the Managing Director of the Company.
Approved the appointment of Ajay Kapur, currently the Dy. Managing Director & CEO as the Managing Director & CEO of the Company with effect from 25 April 2014.
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