Shree Cement appoints new MD for a five-year term

17 Oct 2022 CW Team

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.

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