Honda Motor Co, has recalled the India CEO – Takashi Nagai and and the Marketing Head – Seki Inaba, of HSCI – Honda SIEL Cars India. Honda has ben struggling in recent past, and the sales of its largest selling City sedan has been falling, giving away the market to Hyundai ,Volkswagen and others. The…
Achal Agarwal, has been promoted as President – Asia Pacific Region for Kimberly-Clark. The promotion comes along with plans for business restructuring at Kimberly Clark, which leads to the integration of the company’s North and South Asia regions into a single Asia Pacific model. Achal’s new role is effective March 2012. Achal would be leading…
Anuranjita Kumar, has been elevated as India HR Head for Citigroup. She would be replacing Stephen Cronin, who would move to a global role. A statement from Citi India Chief Executive Pramit Jhaveri on the appointment – “With over 17 years of experience at Citigroup, Kumar has a proven track record as a highly effective…
Johnson & Johnson – Chairman of the Board and Chief Executive Officer, William C. Weldon (Bill Weldon) will step down as the CEO. It is reported that Alex Gorsky, Vice Chairman of Johnson & Johnson’s Executive Committee and head of pharmaceuticals for Europe, Middle East and Africa would take over in Weldon’s place as CEO.…
Xerox India has appointed Rajat Jain as Managing Director for India operation’s. The appointment is effective February 20. He will replace Konstantin Klein who had taken charge of Xerox India last August. Rajat has a career spanning over 25 years, in consumer, media, entertainment, telecom and technology space. He was previously associated with Mobile2Win, Walt…
Sushobhan Sarkar, has been appointed as Managing Director, Life Insurance Corporation (LIC) with immediate effect. Mr Sarkar joined LIC in 1978. Prior to his elevation, he was Executive Director (International Operations) handling LIC’s global business.
Mr. Dan DeChristopher (53) has been appointed as the new Managing Director and Chief Executive Officer of BMW Financial Services India, effective 27 January 2012 and will be based at the company’s headquarters in Gurgaon (National Capital Region). Prior to joining BMW Financial Services India, Mr. DeChristopher worked as General Manager – Sales and Marketing…
Mohit Talwar, has been elevated to the post of the Deputy Managing Director for Max India. He would also hold the portfolio of Additional Director on the board of Max India. In his new role, he will continue to report to Rahul Khosla, Managing Director (MD), Max India Ltd.
Telecom major Vodafone has appointed Max India founder, Mr Analjit Singh, as the non-executive Chairman of its India operations. The appointment is effective February 16, 2012, following formal approval from the board of Vodafone India. Mr Singh, a leading industry figure, is the founder and Chairman of Max India as well as its subsidiaries like…
This news seems to be a part of an on going shake up of Yahoo Inc. that started with the resignation of the Yahoo co-founder Jerry Yang last month, and the appointment of the former eBay executive Scott Thompson as the CEO. Yahoo Inc., Chairman Roy Bostock and three other directors are expected step down…
Noble Group Ltd. named Yusuf Alireza, formerly co-president of Goldman Sachs Group Inc.’s Asia- excluding-Japan unit, as chief executive officer to lead Asia’s biggest commodity supplier. Mr. Yusuf Alireza will be appointed as Chief Executive Officer and a member of the Board of the Company with effect from 16 April, 2012. Richard Elman will step…
Dhanlaxmi Bank managing director and chief executive Amitabh Chaturvedi, who has been credited for turning around the bank since he took over in 2008, has quit. PG Jayakumar, currently the executive director of the bank, has been given the charge of MD and CEO. As per reports – a formal decision on the resignation is…
Falguni Nayar of Kotak Investment Banking (Kotak Mahindra Capital Company Ltd ) decided to move out as the managing director of the company to pursue entrepreneurial venture. Subsequent to her exit – Ms Shanti Ekambaram who is the President of Wholesale Banking and director on the board of KMCC, will additionally take on the responsibility…
It is reported that Mr. Subodh Bhargava, has quit as Chairman for Viom Networks. Viom Network, is an independent telecom infrastructure company with pan India presence. The company is a joint venture between Tata Teleservices and Quippo, a Srei Group Enterprise / Kanoria’s. In 2009, Quippo Telecom Infrastructure Limited (QTIL) announced its partnership with Tata…
Port Indigo, Inc., a US-based leading mobile solutions company, has hired Kall Ramanathan as the Country Head for its India subsidiary. Kall Ramanathan has over 25 years of experience in IT services, ISP, Media and Telecom industries. As Country Head of India Operations, Kall’s primary focus will be to create and establish a strong brand…