Vijay Kumar is appointed as the Managing Director and CEO of the country's largest agri-commodity bourse NCDEX. The exchange's selection committee had picked his name for the MD and CEO's post from a list of 11 candidates and it has been approved by the SEBI. Kumar, a former chief business officer at NCDEX, is likely to assume the office next week. He is an agro-industry veteran, having worked for Cargill and National Bulk Handling Corporation. "Last Friday, the Sebi gave approval for Vijay Kumar's appointment as MD and CEO of the exchange," outgoing MD and CEO of NCDEX Samir Shah said. Shah, whose more than four years tenure comes to an end this month, said that he may join a Chennai-based firm. Shah was appointed in 2013 as per the regulatory framework of the erstwhile Forward Markets Commission (FMC) for three years till 2016. Later, his tenure was extended for another year till August 20, 2017, and then again for six months till January 2018.