August 25: Purna Prasad Acharya has been appointed as the chief executive officer (CEO) of CDS and Clearing Limited, a depository and subsidiary of Nepal Stock Exchange (Nepse).

The post had remained vacant since the last 11 months. A selection committee had recently recommended the names of Acharya along with Krishna Giri and Bhisma Chalise for the post of the company’s CEO.

A meeting of the committee on Monday (August 24) decided to appoint Acharya as the CEO of the company. Acharya is a retired employee of Agriculture Development Bank.

CDC and Clearing was without a CEO ever since the term of former CEO Dev Prakash Gupta September 26 last year.

Kanchan Sapkota was appointed as the acting CEO until now.