The Board of Cholamandalam Investment and Finance Company Ltd, a Murugappa Group company, has given its approval to elevate N Srinivasan, Group Director, Finance, as Executive Vice-Chairman and Managing Director.
The appointment of Srinivasan will be effective August 19, 2017 for a period of two years in place of Vellayan Subbiah, a company statement said here.
Srinivasan was inducted in the Murugappa Group Corporate Board as Director-Finance in January 2007. He was later involved in the financial service business of Cholamandalam Investment and Finance Company Ltd and Chola MS General Insurance Company as 'Lead Director'.
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Meanwhile, the Board of Cholamandalam Investment and Finance Company also appointed Arun Alagappan as Executive Director with effect from August 19, 2017 for a period of five years, subject to necessary approvals, it added.
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