New leadership for India Cements, UltraTech appoints new CEO & CFO for new subsidiary
UltraTech, has announced the appointment of new leadership for the company, following the exit of its former promoters including N Srinivasan as Managing Director & CEO from the South-based cement maker. The board of India Cements Ltd (ICL) has approved the appointment of Suresh Vasant Patil as CEO and Krishnagopal Ladsaria as CFO, the company said in a regulatory filing.
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Both the appointments are with effect from Wednesday, it added.
Patil, who joined the Aditya Birla conglomerate as a Management Trainee in 1988, has over 35 years of work experience. Currently, he heads the Ready-Mix Concrete, and Building Product Division at UltraTech.
While Ladsaria, in his immediate previous role, was the Chief Financial Officer at Century Enka, a listed Aditya Birla conglomerate Company.
Last week, the flagship firm of Aditya Birla group announced the completion of the acquisition of the promoters' 32.72 per cent stake in ICL.
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