Leading commodity bourse MCX today said its Board has approved the appointment of Mrugank Paranjape as Managing Director and CEO of the exchange for a period of three years.
A decision in this regard was taken at the Board meeting held today.
"The Board has accorded its approval for the appointment of Mrugank Paranjape as the MD & CEO of the Company, subject to the prior approval of SEBI and such other approvals as may be necessary," MCX said in a statement.
The exchange will taken the regulator SEBI's approval on the decision soon.
The current Joint Managing Director of MCX Parveen Kumar Singhal has been re-designated as the President and Whole Time Director with effect from April 1, 2016, the statement added.
