The Board of Directors of UltraTech Cement Limited, based on the recommendation of the Nomination, Remuneration and Compensation Committee, appointed Mrs. Usha Sangwan as Additional Director (Independent) for a period of five years, with effect from 10 January, 2020. Mrs. Sangwan is a Post Graduate in Economics, Post Graduate Diploma holder in Human Resource Management and Licentiate from the Insurance Institute of India. She was the first ever woman Managing Director of Life Insurance Corporation of India ("UC"), since its incorporation in 1956. She retired as Managing Director of UC on 30th September, 2018.