Tata Sons today announced that Madhu Kannan, 38, will soon join Tata Sons as group head, business development, reporting to Cyrus P Mistry, Deputy Chairman, Tata Sons. Mr Kannan will be joining from BSE (formerly the Bombay Stock Exchange), where he has been the managing director and chief executive officer since May 2009. As per a BSE statement – Mr Kannan has not expressed an intention to seek a new term once his present term expires in May 2012.
Mr. Madhusudan Kannan, has been Managing Director and Chief Executive Officer of Bombay Stock Exchange Limited since May 11, 2009. Earlier he served as Managing Director of Strategy and Business Development at Bank of America – Merrill Lynch.
Prior to his employment with Bank of America-Merrill Lynch, Mr. Kannan served as Vice President, Asia-Pacific, Global Corporate Client Group of NYSE Euronext, Inc. since January 6, 2006 and served as its Senior Vice President. Mr. Kannan was nominated as a Young Global Leader in 2007 by the World Economic Forum (WEF), based in Geneva, Switzerland. He holds B.E. degree Electrical and Electronics, M.Sc (Hons.), in Economics from BITS, Pilani, India and an MBA in Finance from Vanderbilt University, USA.