New Delhi: The Board of IL&FS has approved the appointment of Nand Kishore as the Executive Director of the company, with effect from December 21.
Nand Kishore was so far serving on the IL&FS Board as Non-Executive Director. The Ministry of Corporate Affairs had earlier approved his appointment as the Executive Director.
“Based on the recommendation of the Nomination & Remuneration Committee, the IL&FS Board in its meeting held on December 19, 2020, approved the appointment of Nand Kishore as Executive Director of the Company with effect from December 21, 2020,” an IL&FS statement said.
The term of Bijay Kumar, who was Deputy Managing Director, came to an end on December 20, 2020. Kumar has decided not to seek an extension of his tenure.