Naresh Takkar succeeds PK Choudhury as CEO of Group ICRA

Naresh Takkar has been named CEO of Group ICRA, succeeding PK Choudhury, with immediate effect. Takkar will also continue as managing director and CEO of ICRA Limited.

Takkar,a Chartered Accountant, joined ICRA as an analyst in 1991 and rose through the ranks as joint managing director and chief rating officer before becoming managing director and CEO of ICRA Ltd.

Prior to ICRA, he was in the system consulting division of Tata Consultancy.

Group ICRA includes ICRA, Ltd, which provides credit ratings in India, PT ICRA Indonesia, ICRA Lanka Limited and ICRA Nepal Limited, which provide credit ratings in Indonesia, Sri Lanka and Nepal, respectively, ICRA Management Consulting Services Ltd, ICRA Techno Analytics Limited, and ICRA Online Limited, and their subsidiaries.

''Mr. Takkar has provided strong leadership to ICRA over a career spanning more than 20 years with the company, and he will be able to leverage his knowledge and experience to lead Group ICRA as it focuses on serving the evolving needs of the markets,'' said Arun Duggal, chairman of ICRA, Limited.

''I am honoured to have been chosen to lead Group ICRA as CEO. ICRA has strong talent and resources, and I look forward to leading the entire organisation as we continue to build our businesses for the future. I would also like to thank Mr. Choudhury for his many contributions in leading Group ICRA over his 24 years of service at the company.'' said Takkar.

ICRA also appointed Robert Scott Fauber, managing director, head of commercial group and Thomas John Keller Jr, managing director, geographic management and sovereign ratings of Moody's Investors Service as additional directors under the category  non independent and non executive directors ctegory with effect from 30 January 2015.