Ambuja Cements MD Ajay Kapur step down: Newshorts
Ajay Kapur step down, Ambuja Cements has announced the resignation of Ajay Kapur, the Managing Director (MD) and Chief Executive Officer (CEO). Kapur, who has worked at Ambuja Cements for 26 years, will leave the company on March 1, 2019. He has decided to pursue his career outside the cement industry, the company said in a statement.
The board of directors at its meeting held on 12/12/2018 expressed its deep appreciation for the leadership Kapur has provided to the company and accepted his resignation with regret with effect from March 15.
Kapur, an economics graduate from St Xavier’s College, Mumbai also holds a master’s in management degree with specialisation in marketing and an advanced management program degree from Wharton Business School, US.
He had joined the company in 1993 as an Executive Assistant to the then Managing Director and Founder, NS Sekhsaria. Kapur has handled various profiles such as Marketing Head for West and South Region; National Head – Marketing and Commercial Services; Business Head (West and South Region) and CEO. Prior to joining Ambuja Cements, Kapur had worked with Citibank’s consumer banking business.