SINGAPORE — Olam International Limited announced on Feb. 1 that A. Shekhar, executive director of the Finance & Business Development for the group, is being promoted to the newly created position of executive director & group chief operating officer (ED & Group COO), effective Feb. 1.

In his new role as ED & Group COO, Shekhar will assist Sunny Verghese, co-founder and group chief executive officer (CEO), in overseeing all aspects of Olam’s business.

Shekhar has spent over 24 years with Olam and during this period has had the opportunity to work in various regional, business unit and functional roles and developed deep insights into Olam’s overall business, the company said.

Olam also announced the appointment of Neelamani Muthukumar as its chief financial officer (CFO) with immediate effect.

As CFO, Muthukumar 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 Olam.

Muthukumar has been with Olam for more than 18 years and is currently the president and global head of Corporate Finance.