Mumbai, Dec 2 (IANS): The National Stock Exchange of India (NSE) on Friday appointed J. Ravichandran to "hold charge" of the office of CEO in place of Chitra Ramkrishna, who tendered her resignation due to personal reasons.

"The board of directors of the NSE met today and accepted the resignation of Chitra Ramkrishna, MD and CEO," the NSE said in a statement.

"Ramkrishna had tendered her resignation due to personal reasons and expressed her desire to step down with immediate effect."

The NSE said that its board of directors has set up a committee for the selection of a new managing director and chief executive.

According to the NSE, the board of directors, while accepting her request, appreciated Chitra Ramkrishna's "sterling contribution" to the growth of the organisation over the long years that she had been associated with it. 

"She was part of the team that set up the stock exchange, was appointed as the joint managing director in September 2009 and was elevated to the post of MD and CEO with effect from April 1, 2013," the statement said.

"The board of NSE has appointed J. Ravichandran, Group President, to hold charge of the office of CEO with immediate effect. Ravichandran has been associated with NSE for long years and brings with him a wealth of experience and full understanding of the functioning of the organisation."