Domestic rating agency Icra on Tuesday appointed N Sivaraman as its new managing director and group chief executive officer, more than a year after its previous head was forced to proceed on leave.
Sivaraman, who has spent over 34 years with engineering major L&T, will drive the agency's business strategy and innovation, build organisational capabilities, strengthen objectivity of ratings, Icra said in a late evening statement.
Last July, Icra board asked its then managing director and group chief executive Naresh Takkar to go on leave till the completion of an enquiry against him after an anonymous complaint was sent to