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India's Ambuja Cements reassigns Ajay Kapur as managing director, appoints finance chief as new CEO

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India's Ambuja Cements has re-designated CEO Ajay Kapur as the managing director and named Vinod Bahety as its new chief, the Adani Group company said on Friday, effective April 1.
Ambuja Cements, part of the Adani Group, has appointed Ajay Kapur as its new Managing Director, effective December 21, 2023. Kapur, who was previously the CEO, will now focus on operational and commercial aspects of the business. The company also announced that its Chief Financial Officer, Vinod Bahety, will take over as CEO. This leadership transition comes as part of a strategic move to enhance the company's growth and operational efficiency, with Kapur's extensive experience in the cement industry being pivotal in driving the company's expansion plans. Meanwhile, Bahety's financial expertise is expected to steer the company towards achieving its financial goals.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/other/india-s-ambuja-cements-reassigns-ajay-kapur-as-managing-director-appoints-finance-chief-as-new-ceo/ar-AA1BPDeA ]