Fortis Healthcare Ltd has announced that Vishal Bali, Group CEO, Fortis Healthcare Limited has resigned from the services of the Company. The Company has accepted his resignation and Bali will remain with the Company till end March 2014, to enable a smooth transition. A statement by Vishal Bali says – “After having spent nearly two…
Category: Executive Movements
Danny Ludeman to retire from Wells Fargo Advisors (WFA), Mary Mack to take charge effective Jan, 2014
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Danny Ludeman will retire from Wells Fargo Advisors (WFA) after 34 years of helping build one of US’s most successful brokerage firms, with 15,000 advisors and management of more than $1 trillion in client assets. Mary Mack, who currently serves as head of the WFA Financial Services Group, will succeed Ludeman effective Jan. 1, 2014.…
J. P. Chalasani CEO of Reliance Power to exit by end of year.
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Reliance Power – Anil Ambani group business, in its stock exchange filing has communicated the exit of its CEO. J. P. Chalasani, CEO of Reliance Power, has resigned to pursue entrepreneurial ambitions. It is learnt that he would relocate overseas once he exits the company by the end of this year. JP Has been with…
Shriram Capital MD CEO R Sridhar exits from his executive role
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R Sridhar, the Managing Director and Chief Executive Officer for Shriram Capital has stepped down from his full-time executive role in the company. Sridhar, has been with Shriram Group for the last 28 years in various roles and predominantly as the CEO in its flagship NBFC Shriram Transport Finance Company. He would however continue to…
Samsung Engineering CEO Park Ki Seok fired.
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Samsung Group has fired the Samsung Engineering Chief Executive Park Ki-seok following an accident at one of its sites last week. The explosion of water tank in South Korea killed three workers and injured over 10. Samsung Engineering was building the water tank at a factory for another Samsung joint venture between Samsung Fine Chemicals…
Reshuffle at HUL Nitin Paranjpe may move to Unilever Global
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Some reports indicate that Nitin Paranjpe is slated to move to Unilever Global as Head of Home Care business, and would be reporting to Unilver CEO Paul Polman. Nitin is a Unilever veteran and had started his career with the company in 1987 as a Management Trainees. He has been through various role, and has…
Mr. Rana Kapoor takes over as ASSOCHAM New President
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Dr Rana Kapoor is the Founder, Managing Director & CEO of well known Yes Bank has taken over as new President of the Associated Chamber of Commerce and Industry of India (ASSOCHAM) with effect from Saturday following the conclusion of chamber’s 92nd Annual General Meeting in New Delhi. Dr. Rana holds a MBA degree from…
Irregularities in expense report leads to exit of Polycom CEO Andrew Miller
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Another CEO exit form a leading global brand, and its not because of business performance. This time the reason for exit is alleged irregularities in expense report submissions. While the concerned irregularities does not in any way impact the businesses financials or the company’s reputation in the market, it was a good enough reason for…
SpiceJet CEO Niel Mills quits.
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SpiceJet, seems to have lost its third CEO is last 5 years. There are unconfirmed rumours about the departure of Niel Mills from the role of CEO. It is reported that the management of Spice Jet is yet to accept the resignation. His exit may be linked to some differences with promoters Kalanithi Maran. It…
Barnes & Noble CEO exits post dismal sales of Nook
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Another CEO of a leading business group has to leave on reasons of poor business performance. Barnes & Noble has announced the exit of CEO William Lynch. While the business of Barnes & Noble has been battered for some time considering the increasing movement of customers from book store purchases to e-commerce purchases, the consumption…
Apple hires Former CEO of Yves Saint Laurent to work on special projects.
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It is interesting to learn that Apple has its next big hire from the luxury fashion house – Yves Saint Laurent (YSL). As reported by Bloomberg – Apple is hiring Paul Deneve, the former chief executive officer of luxury fashion house to work on special projects. While Deneve has a past with Apple Europe, where…
EY appoints Mark Weinberger as Global Chairman and CEO
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EY has announced that Mark Weinberger has become Global Chairman and CEO. The professional services organization also announced the adoption of EY as its global brand name, unveiled a new logo and adopted Building a better working world as its purpose. Mark, 51, has had a distinguished career with a track record of leadership both…
Viom Networks has appointed Sudhir Prasad as COO
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Viom Networks, has appointed Sudhir Prasad as Chief Operating Officer. He joins Viom Networks, from Tower Vision. At tower vision, he held the CEO’s role from Jan 2011, prior to which he was the Director – Sales & Business Development. He has also been with RPG Group, and has had a 9 year stint with…
Don Mattrick to take over from Co Founder Mark Pincus as Zynga Inc. CEO.
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Mark Pincus, has taken a step back from his role as CEO for Zynga Inc. The social gaming company has appointed Don Mattrick (ex Microsoft) as Chief Executive Officer and a member of the Board of Directors, effective July 8, 2013. Mark Pincus, Zynga’s founding chief executive officer, remains Chairman of the Board of Directors…
Jindal SAW appoints Neeraj Kumar as Group CEO & Whole-Time Director
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Jindal SAW has appointed Neeraj Kumar as Group Chief Executive Officer and Whole Time Director. Neeraj, has earlier (2002 – 2006) worked with Jindal SAW as Director Finance and CFO. He has most recently held the position of Managing Director and CEO of ORIX Auto Infrastructure Services (OAIS), a joint venture company of Infrastructure Leasing…