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ACC appoints Harish Badami as CEO and MD

LiveMint logoLiveMint 11-06-2014 Madhura Karnik

Mumbai: ACC Ltd, India’s second-largest cement maker, said on Wednesday that it had appointed Harish Badami as the chief executive officer (CEO) and managing director (MD) of the company.

In a statement filed to the exchanges, the company said Badami will take over from Kuldip Kaura, the incumbent CEO and MD, on 13 August for a period of five years.

Kaura will continue to be associated with the ACC as an advisor to the board, the statement added.

Badami comes from Celanese India where he was MD, prior to which he was president and MD of Dow Chemicals—from 2009 to 2011.

The announcement was made after market hours.

Shares of ACC ended at `1,479.60 a piece on BSE, down 1.23% from the previous close while India’s benchmark Sensex fell 0.43% to close at 25,473.89 points.

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