The Board of Directors of Carborundum Universal Limited, a part of the Murugappa Group has appointed Sridharan Rangarajan as Managing Director, effective August 3, 2023. Sridharan is currently the Director - Finance and Strategy of the Company.

Sridharan succeeds N Ananthaseshan who will be retiring from the services of the Company and stepping down on August 2, 2023.

Sridharan is a member of the Institute of Chartered Accountants of India, a graduate member of the Institute of Cost Accountants of India and holds bachelor's degree in commerce from Madurai University. He joined CUMI in June 2011 as its Chief Financial Officer. In January 2018, he took over as the President and Group CFO of the Murugappa Group. In April 2021, he was appointed Director - Finance and Strategy of CUMI.

Sridharan also serves on the Boards of Cholamandalam Financial Holdings Limited, Cholamandalam MS General Insurance Company Limited, Cholamandalam MS Risk Services Limited, E.I.D Parry (India) Limited, Parry Agro Industries Limited, PLUSS Advanced Technologies Private Limited and Net Access India Limited. He has earlier served on the Board of Timken India Limited.

M M Murugappan, Chairman, CUMI, said, "On behalf of the Board, I would like to thank Ananthaseshan for his stellar services to the company over 37 years. He leaves Carborundum well positioned for its next phase of growth in all respects. We wish Ananth well in his retirement. We are also delighted that Sridharan Rangarajan, who has been an integral part of the Company's strategy and growth for over a decade, is taking over as MD."