National Stock Exchange forms Selection Committee to appoint new MD & CEO

The National Stock Exchange (NSE), in wake of MD & CEO Chitra Ramkrishna’s resignation, started the process of selecting a new chief and has set up a Selection Committee for this purpose, as per the Securities and Exchange Board of India (SEBI) guidelines.

The Selection Committee consists of, Dinesh Kanabar, Public Interest Director, NSE, T V Mohandas Pai, Public Interest Director, NSE, Anand Mahindra, Chairman, Mahindra Group, as independent-external expert and Usha Thorat, ex-Deputy Governor, RBI, as independent, external expert. Following due process, the Committee will recommend the shortlisted names to the Nomination and Remuneration Committee (NRC) and the Board of Directors (BoD) of NSE to take an appropriate decision.

Chitra Ramkrishna is the first woman Managing Director (MD) and Chief Executive Officer (CEO) of the National Stock Exchange (NSE), which is one of the top three exchanges in index and stock derivatives. As the MD and CEO, Ramkrishna has maintained the rich legacy of NSE. Through her effortless undertaking, she ensured NSE to scale new heights.

In a history spanning 23 years, the National Stock Exchange (NSE) has brought immense changes to the way the capital market function, based on technology, innovation, high standards of governance and management practices. Its business practices and integrity have earned it the trust of financial markets. Its flagship index, the Nifty 50, has become a standard national level economic parameter.

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