Binoy Kumar, IAS (TG:83), from Telangana Cadre has taken over as Secretary, Ministry of Steel, Government of India. He succeeds Aruna Sharma, IAS from MP Cadre post her superannuation. He had been posted as Officer on Special Duty in the Ministry since 21st May 2018. Prior to this, he held the post of Special Secretary, Logistics, in…
Vedanta Resources Plc (“Vedanta”) has appointed Srinivasan Venkatakrishnan as the Chief Executive Officer (CEO) of the company with effect from August 31, 2018. He has also joined the company’s Board of Directors. Srinivasan Venkatakrishnan is a qualified Chartered Accountant and he has finished his B.Com degree in the University of Madras. Commenting on the appointment of…
Tesla and Elon Musk both have agreed to pay $20 million to financial regulators each and the billionaire will step down from the chair of Tesla for three years after reaching a deal with the US financial regulator over tweets he made about taking the firm into private ownership. Under the settlement, Musk would remain as…
The U.S. based insurer MetLife Inc. named Kishore Ponnavolu as their company’s president for the Asian region, while Rebecca Tadikonda was named as the head of strategic growth market effective from Sep 1st 2018. Due to his new role Ponnavolu will become a member of the company’s executive group and will directly oversee Japan, South…
Goldman Sachs has announced the appointment of Prachi Mishra as Managing Director and Chief India economist. In her new role, she will be based in Mumbai. She joins from the International Monetary Fund (IMF) where she was deputy division chief of the Western Hemisphere Department. Earlier in November 2014, she had joined joined the Reserve…
Sterlite Power has appointed Rui Chammas, former CEO for Biosev, as the leader of its Brazil business. The Company has a portfolio of 9 projects, entailing an investment close to USD 1.7 bn in the country. Pratik Agarwal, Group CEO Sterlite Power, said, “We are delighted to welcome Rui to Sterlite Brazil. He has a rich experience in running large organisations in the…
Srinivasan Services Trust (SST) the social arm of TVS Motor Company and Sundaram-Clayton Limited has appointed Mr. Swaran Singh, IAS (R), as the Chief Executive Officer of the Trust effective August 1, 2018. Mr. Ashoke Joshi, IAS (R), the Chairman of SST for the last 14 years will now play the role of advisor to…
Rakesh “Rocky” Agrawal, had not even completed 2 months in his job at PayPal as the company’s global strategy head. He has separated from his employer overnight – the separation from PayPal made easy, courtesy some of his insulting tweets directed at his PayPal colleagues. He was attending Jazz Fest in New Orleans when he…
Mr. P Elango, Interim CEO & Whole time Director of Cairn India has decided to step down for personal reasons. His resignation has been accepted by the Board. The announcement related to this was released by Cairn India earlier this week. Mr. Sudhir Mathur, CFO, has taken over the additional responsibility of leading the organization…
Taj Hotels, has appointed PV Ramana Murthy, as Sr. VP & Global Head – Human Resources. Murthy joins Taj Hotels post a 15 year stint with The Coca Cola company. His most recent assignment with The Coca Cola was Executive Director – Human Resources for Hindustan Coca-Cola Beverages, India and Bangladesh. Earlier Murthy has worked…
Microsoft Corp. has announced that its Board of Directors has appointed Satya Nadella as Chief Executive Officer and member of the Board of Directors effective immediately. Nadella previously held the position of Executive Vice President of Microsoft’s Cloud and Enterprise group. Microsoft also announced that Bill Gates, previously Chairman of the Board of Directors, will…
Wipro Ltd. has appointed Ulrich Meister as Senior Vice President and Head of Continental Europe, effective November, 2013. Ulrich joins Wipro from T-Systems, where he started in 2005, and in his last role was responsible for their global Euro 2 billion system integration business. He has immense expertise in managing large-scale strategic change programs for…
Ybrant Digital Limited, the leading global digital marketing company today announced the appointment of Krishna Srinivas as General Manager, Sales, for the APAC region. Prior to joining Ybrant Digital, Krishna was Director of Media Solutions, South East Asia for the Walt Disney Company based in Singapore. Ybrant Digital is now expanding its geographical reach to…
Telecom Italia’s CEO & Executive Chairman Franco Bernabe resigned today following loss of support from his core shareholders. As per market sources his exit is seen as a result of some differences with the core shareholders – Telefonica , Intesa , Generali and Mediobanca. It is said that Bernabe had opposed a deal which had…
Anand Sankaran, Senior Vice President for Global Infrastructure Services and Wipro Infotech, has quit. It is learnt that he has decided to pursue a career outside of Wipro. His exit was announced by the company along with announcement regarding organisational realignment and reshuffling of leadership. In a statement the company said – “Anand has played…