India: Madras Cements has promoted its executive director for finance, A V Dharmakrishnan, to chief executive officer.
"A V Dharmakrishnan has been designated as chief executive officer of the company with effect from 1 April 2012," the Chennai-based cement maker said in a BSE filing.
Dharmakrishnan is a chartered accountant who began his career with Madras Cements in 1982. He has been an additional director at Rajapalayam Mills and Ramco Systems since 2008 and serves as a director On-Time Transport Company Limited. In addition he is a member of Institute of Chartered Accountants of India.
Madras Cements is the flagship company of the diversified Ramco Group and it produces 13Mt/yr at its five manufacturing plants across Tamil Nadu, Karnataka and Andhra Pradesh. Apart from cement, Ramco Group has presence in real estate, paper production, hardware and stainless steel.