The MCX Stock Exchange has appointed former Union finance secretary Ashok Jha as its non-executive chairman. Jha will succeed PG Kakodkar who had requested to be relieved for health reasons.

With this, Jha will leave Hyundai Motor India Ltd where he is president. His three-year contract with the company ends in June, which is not being renewed with mutual consent. The Hyundai spokesperson refused to comment.

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Jha will join the MCX board from August 1. Former UTI Chairman SA Dave will join the exchange board as an independent director, according to a statement issued by the exchange on Sunday.

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