MCX board approves appointment of 5 new directors

Commodity exchange MCX today announced appointment of two independent directors and three shareholder directors. According to an ET report, MCX promoter and Non-Executive Vice Chairman Jignesh Shah has retained his position on the board. The shareholder directors are K N Raghunathan (General Manager, Treasury, Union Bank of India), Sanjaya Agarwal, (General Manager -Treasury & Investments, Bank of Baroda) and P Paramasivam, General Manager, Corporation Bank.

G Ananth Raman has been appointed as the independent director on the board of the company and Pravir Vohra has been inducted as an independent director for a period up to March 31, 2016, the report added.

The report further said that the board has accepted the resignation of Shreekant Javalgekar as MD and CEO of the company with immediate effect.

Read the complete report here