The board of National Stock Exchange decided that Chitra Ramkrishna, currently Joint MD of the bourse, will take charge as MD and CEO with effect from April 1, 2013 for a period of five years. (File/PTI)
Leading bourse NSE today said Chitra
Ramakrishna will become its Managing Director and CEO with
effect from April 1, 2013, while its current chief Ravi Narain
will assume the role of Vice-Chairman in a non-executive role.
At a meeting held here today, the board of National Stock
Exchange (NSE) decided that Ramkrishna, currently Joint MD of
the bourse, will take charge as MD and CEO with effect from
April 1, 2013 for a period of five years.
Narain's current tenure as MD and CEO will end on March
31, 2013. He was the Deputy MD of the NSE for the first six
years from the exchanges inception and the MD and CEO for
over 12 years.
Ramkrishna has also been with NSE since inception and
currently serves as the Joint MD.
The exchange said that its board has held discussions
with Narain regarding a further tenure, but he has been
indicating his inability to accept any further extension of
NSE said that Narain would become its Vice Chairman in
non-executive capacity with effect from April 1, 2013. In his
capacity as Vice Chairman, he will continue on the Board of
NSE. He would also continue to serve on the Board of the World
Federation of Exchanges and as Chairman of its Working
NSE is the country's largest exchange in terms of
turnover, although the number of listed companies is higher at
its older rival BSE.
Earlier in September, NSE had said Vijay Kelkar has
stepped down as its Chairman. However, he would serve as
Chairman of the advisory board of NSE, the exchange had said.