It is learnt that US retail major Walmart has announced some top level changes for their India operations. These changes include the exit of Raj Jain as President for Walmart India Operations. Ramnik Narsey, presently Senior Vice-President for Walmart International would take over as President in the interim. The announcement were communicated today morning…
Category: Executive Movements
Airtel hires Srinivasan Gopalan as head for consumer business
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It is learnt that Airtel has appointed Srinivasan Gopalan (ex Vodafone UK) to lead the Consumer Business for the company. This move may be a continuation of the series of changes brought around beginning the appointment of Gopal Vittal as CEO for Airtel Indian Operations. Srinivasan Gopalan would be joining Airtel as Director – Consumer…
Manu Anand quits as Chief of PepsiCo India.
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Manu Anand, the India head for Pepsico has quit. Manu’s exit was announced yesterday, and an internal communication to the effect has been released by the company. Manu has been with PepsiCo for last 19 years and has handled key roles across India & South Asia. In an internal statement it has been said that …
Louis Dreyfus Commodities announces CEO Succession
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Serge Schoen will be exiting the role of Chief Executive Officer (CEO) for Louis Dreyfus Commodities, effective June 30, 2013. Ciro Echesortu, who has been the company’s Chief Operating Officer (COO) and head trader since 2009, has been appointed as the new CEO of Louis Dreyfus Commodities. After eight years of service within Louis Dreyfus…
Tech Mahindra appoints Milind Kulkarni as CFO, Manoj Bhatt as Deputy CFO
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Tech Mahindra Limited, has appointed Milind Kulkarni as Chief Financial Officer, and Manoj Bhat as Deputy Chief Financial Officer. Sonjoy Anand, who has served as Chief Financial Officer of Tech Mahindra moves on having decided to pursue opportunities internationally. “I would like to thank Sonjoy, who has been a key member of the Management Team…
SABMiller India appoints Grant Liversage as new Managing Director
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SABMiller India, the subsidiary of SABMiller plc, has announced the appointment of Grant Liversage as Managing Director of the company. Grant takes over from Paolo Lanzarotti who will now be taking up the position of Managing Director of SABMiller’s subsidiary Plzensky Prazdroj in the Czech Republic. Grant’s key responsibilities include overseeing the company’s operations, expansion…
Sanjeev Vohra (ex Citibank) may lead Royal Bank of Scotland India business.
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It is learnt that Sanjeev Vohra (ex Citibank) may be heading India business for Royal Bank of Scotland (RBS). In his previous role Sanjeev had been with Citibank Philippines as Country Head. As reported in a leading daily, sources have said that the appointment awaits regulatory approval. RBS India Head position has been vacant…
BALCO appoints Ramesh Nair as Chief Executive Officer
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Bharat Aluminium Company (BALCO) has announced the appointment of Ramesh Nair as the company’s Chief Executive Officer. Bharat Aluminium Co. Ltd. (BALCO) was incorporated in the year 1965 as a Public Sector Undertaking (PSU). In 2001, Govt. of India divested 51 % of the company in favour of Sterlite Industries (I) Limited (A Vedanta Group…
Infosys Board appoints Mr. N R Narayana Murthy as Executive Chairman of the Board
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Infosys Limited Board has appointed Mr. N R Narayana Murthy into the Board and executive leadership of the Company. In a meeting held earlier today, the Board approved appointing Mr. N R Narayana Murthy as Executive Chairman of the Board and Additional Director with effect from June 1, 2013. Mr. Murthy’s election as a…
Kevin Freeland to take charge as the new Co-CEO for Federal-Mogul
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The Board of Directors of Federal-Mogul Corporation (NASDAQ: FDML), a global supplier of powertrain and safety technologies, and of leading brands in the worldwide automotive aftermarket, has elected Kevin P. Freeland to the position of Co-Chief Executive Officer of Federal-Mogul Corporation and Chief Executive Officer, Federal-Mogul’s Vehicle Components Segment (VCS), effective June 17, 2013. Mr.…
Procter & Gamble brings back Alan George Lafley as CEO
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Alan George Lafley has re-joined the Procter & Gamble (NYSE:PG) as President and Chief Executive Officer. This announcement was made by Procter & Gamble (NYSE:PG) last week. His joining comes post the retirement of Robert A. McDonald, on June 30, 2013, after 33 years of service. Jim McNerney, presiding director of P&G’s Board, said, “A.G.’s…
Etienne Benet to take over as Managing Director for Nestlé India
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Nestlé India Ltd has informed BSE that Antonio Helio Waszyk, Chairman and Managing Director, shall step down from the position of Managing Director with effect from October 01, 2013, to take up a new assignment within Nestlé Group. He would continue to be the Non-Executive Chairman of the Company. Mr. Etienne Benet would take over…
Kingfisher Airlines Executive Vice President Hitesh Patel resigns.
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Kingfisher Airlines Executive Vice President Hitesh Patel has put in his papers. Patel, with over 30 years of experience in civil aviation, was a key member of the start-up team responsible launch of Kingfisher Airlines in 2005, having joined in August 2004. He is one of the longest serving employees and has continued with the…
iGATE President and CEO Phaneesh Murthy fired – Sexual Harassment or Policy Violation
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iGATE Corporation, announced yesterday that its Board of Directors has decided to terminate the employment of President and CEO Phaneesh Murthy. The decision of iGate board comes following a following a complaint of sexual harassment by a subordinate employee. The company announced that Gerhard Watzinger would take over his responsibilities as CEO “on an interim…
Air Asia India appoints Mittu Chandilya as CEO
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Air Asia India has appointed Mittu Chandilya, to head the operations of the airline in India. His appointment was announced by Air Asia’s founder Tony Fernandes on Twitter. Tont Fernandes tweeted – "The board of Air Asia has appointed Mittu Chandilya as the CEO of the company. Mittu is coming home to change Indian travel…