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MUMBAI: The Board of Directors of ACC Limited today appointed Harish Badami as CEO & Managing Director designate with effect from August 1.

Badami will assume responsibility as CEO & MD of the company for a period of five years. He will succeed Kuldip Kaura, whose term of office as CEO & MD was extended until December 31, 2014, a company statement said.

"With Jamul (cement plant in Durg district of Chhattisgarh) expansion coming on stream next year, ACC is now well poised to serve the Indian market which is on the threshold of rapid growth, Kaura said.

"At this juncture, with the economy showing positive signs, I look forward to the exciting opportunity to participate in its growth," Badami said.