Shree Cement appoints new MD for a five-year term
Cement

Shree Cement appoints new MD for a five-year term

Following the resignation of Benu Gopal Bangur as chairman, Shree Cement has appointed Neeraj Akhoury as "Additional Director Designated As Managing Director." Akhoury was appointed for a five-year term beginning October 14, according to a stock exchange filing.

Benu Gopal Bangur, who has been at the helm of the Kolkata-based company since its inception in 1979, has tendered his resignation as director and chairman with effect from the end of business hours.

Hari Mohan Bangur, who was previously the managing director, has been appointed chairman, effective October 15. Prashant Bangur, his son, has been promoted from joint managing director to vice chairman. Akhoury joined Tata Steel in 1993, where he worked in sales, marketing, and logistics in both the cement and steel divisions.

He joined the Holcim Group in 1999 as a member of the executive committee in charge of corporate affairs, then sales. He relocated to Nigeria in 2011 as CEO and MD of Holcim AshakaCem. He was later promoted to strategy and business development director for the Middle East and Africa at Holcim's headquarters in Paris.

From 2017 to 2020, Akhoury was the MD and CEO of ACC, and from February 2020 to September 2022, he was the MD and CEO of Ambuja Cements.

He holds an MBA from the University of Liverpool and a bachelor's degree in economics from Allahabad University. He also completed a one-year general management programme at XLRI Jamshedpur and is a Harvard Business School alumnus.

SEE ALSO:
Shree Cement to set up integrated cement unit in Guntur
Shree Cement witnesses high input cost at Rs 910 cr in Q4 FY22


Following the resignation of Benu Gopal Bangur as chairman, Shree Cement has appointed Neeraj Akhoury as Additional Director Designated As Managing Director. Akhoury was appointed for a five-year term beginning October 14, according to a stock exchange filing. Benu Gopal Bangur, who has been at the helm of the Kolkata-based company since its inception in 1979, has tendered his resignation as director and chairman with effect from the end of business hours. Hari Mohan Bangur, who was previously the managing director, has been appointed chairman, effective October 15. Prashant Bangur, his son, has been promoted from joint managing director to vice chairman. Akhoury joined Tata Steel in 1993, where he worked in sales, marketing, and logistics in both the cement and steel divisions. He joined the Holcim Group in 1999 as a member of the executive committee in charge of corporate affairs, then sales. He relocated to Nigeria in 2011 as CEO and MD of Holcim AshakaCem. He was later promoted to strategy and business development director for the Middle East and Africa at Holcim's headquarters in Paris. From 2017 to 2020, Akhoury was the MD and CEO of ACC, and from February 2020 to September 2022, he was the MD and CEO of Ambuja Cements. He holds an MBA from the University of Liverpool and a bachelor's degree in economics from Allahabad University. He also completed a one-year general management programme at XLRI Jamshedpur and is a Harvard Business School alumnus. SEE ALSO: Shree Cement to set up integrated cement unit in Guntur Shree Cement witnesses high input cost at Rs 910 cr in Q4 FY22

Next Story
Real Estate

Rethinking Slum Development

In July 2024, the Supreme Court directed the Bombay High Court to initiate suo motu proceedings to evaluate the implementation of the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act.During the ensuing proceedings, the Division Bench of Justices expressed concern about the plight of slum dwellers, saying, “Merely because you are a slum dweller doesn’t mean that you are left to the discretion of developers. They end up with a pittance.” The Bench also noted that the buildings allocated to slum dwellers were akin to “vertical slums”. “The buildings are congested. ..

Next Story
Real Estate

Ring in the New!

Lighting:OLED (organic light emitting diode) panels such as those by Philips are the latest option in soft lighting fixtures that can be embedded into walls, ceilings or furniture, says Nilesh Sawant, Principal Architect, Nilesh Sawant Architect. “Being thin and flexible, they lend themselves well to different applications while delivering the energy-efficiency associated with LED technology.”And Sapna Aggarwal, Founder, ANSA Architecture & Interiors, says “Embedded light-emitting diodes can create a dreamy illumination, while dimmable LEDs are useful for allowing..

Next Story
Infrastructure Urban

Jhansi Library

The Jhansi Library, commissioned by the Jhansi Development Authority (JDA) under the Jhansi Smart City initiative and built by Bootes Impex, a net-zero construction-tech company. It is the first library in Asia to achieve EDGE (Excellence in Design for Greater Efficiencies) certification from the International Finance Corporation (IFC), a member of the World Bank Group. This milestone marks the library as India’s first and only net-zero library, aligning  with India’s Net-Zero Vision 2070.Sustainable designDeepak Rai, Managing Director, Bootes Impex, explains, “The project's vision ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000