Intercare Ltd. has announced the promotion of Balaji Raman, Managing Director, to the Chief Executive Officer, with immediate effect, reporting to the board of directors.
Raman joined Intercare Ltd in 2011 and served as the Chief Financial Officer (CFO), Joint Managing Director, and most recently as Managing Director (MD).
John H. Colley, Chairman, and Member of the Board of Directors, Intercare Ltd, said, “Balaji Raman has spearheaded major operational strategies and technical shifts across the company’s portfolios of products and services, most notably during the Covid-19 pandemic. Owing to his agile decision-making skill and financial acumen, Balaji has helped the company not only to keep it afloat but also to expand the business in the most difficult of times. During this time of transition, we believe Balaji is the ideal person to lead Intercare Ltd.” The board took the thoughtful decision that our shareholders, customers, partners, and employees expected and deserved, he added.
“Raman is a proven leader with a business vision, and the ability to bring people together. His exceptional financial ingenuity and diverse experience with the world’s most reputed companies across the industries is exactly what the organisation needs now as the enterprise steps into its next chapter of expanded product innovation and market penetration,” Colley added.
Balaji Raman said, “Intercare Ltd. is one of those rare companies to have truly revolutionised the MENA region market by pioneering the most innovative and sustainable product solutions, and I couldn’t be more honoured to have been chosen to lead the company." “The opportunity ahead of us is vast, but to seize it we must be focused, move faster, and continue to transform. A big part of my job is to accelerate our ability to bring new generation sustainable products to our clients and appoint the right workforce to do that,” he added.