Corporate digest

Olam International

OLAM International on Monday announced that A Shekhar, executive director - finance and business development for the group, has been promoted to the newly created position of executive director and group chief operating officer with effect from Feb 1, 2016. In his new role, Mr Shekhar will assist co-founder and group CEO Sunny Verghese in overseeing all aspects of Olam's business.

Olam also announced the appointment of Neelamani Muthukumar (Muthu) as its group chief financial officer (group CFO) with immediate effect. As group CFO, he will be responsible for regional and product finance, corporate planning and budgeting, financial and management reporting, banking and treasury, investor relations and the corporate secretarial functions of the group.