The board of directors of HeidelbergCement India Limited at its meeting held on February 13, 2023, deliberated on the request of Mr. Jamshed Naval Cooper with respect to his retirement from the position of Managing Director and relieving him prior to the end of his present term. The date of tendering resignation is 13 February 2023. The Board after considering the request of Mr. Cooper, accepted his resignation and decided to relieve him from the position of Managing Director of the Company with effect from close of business hours on 31 March 2023.

The Board based on recommendation of nomination and remuneration committee has approved the appointment of Mr. Joydeep Mukherjee as new Managing Director of the company for a term of three years effective from 01 April 2023. To facilitate smooth transition, the Board has appointed Mr. Joydeep Mukherjee as Chief Operating Officer of the company with immediate effect until 31 March 2023. Mr. Joydeep Mukherjee, aged 56 years, holds a master's degree in International Business and Marketing (E.M.I.B) from Indian Institute of Foreign Trade and a bachelor's degree (Honors) from Calcutta University.

He has also undergone several top management level Executive Education programs in IMD Lausanne, CH and ISB Hyderabad. Mr. Mukherjee has over 32 years of experience in leading large teams and delivering results across various industries. Prior to joining Zuari Cement Limited, Mr. Mukherjee was working as Chief Operating Officer at RR Kabel.

He was also associated with H&R Johnson as Chief Executive Officer and Executive Director, leading the business of Ceramic Tiles, Bath products and Kitchens, other than being on the Board of Prism Johnson Limited. Mr. Mukherjee had also spent 8 years at ACC Limited and held senior leadership roles including Chief Executive for South & West Business, Head of Logistics, RMC and B2B sales and Director Sales for North & Central India. In this stint, he has been credited with launch of 2 highly successful premium products of ACC and delivering impactful results on both top line as well as plant efficiencies in his region.

He has been a Managing Committee member of ACC Limited from June 2013 to December 2015 and on the Board of 2 joint ventures of ACC. Prior to joining ACC, Mr. Mukherjee held the position of National Sales Manager of the foil and packaging business of Hindalco Limited. In his last 3 professional stints, Mr. Mukherjee led to several highly successful transformation projects in Logistics, HR, Sales and Manufacturing.