Categories
Government & PSU

Bhilai Steel Plant blast: CEO sacked, two other senior officials suspended.

Following the disastrous fire accident in SAIL’s Bhilai Steel Plant, Chhattisgarh, the CEO of the plant M Ravi was fired today. Along with him, T Pandya Raja, general manager (safety) and Naveen Kumar, deputy general manager (energy) were also suspended. Nine people had died and 14 others were injured in the gas pipeline blast, Tuesday. […]

Categories
Executive Movements

Samsung Engineering CEO Park Ki Seok fired.

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 […]

Categories
Executive Movements

Irregularities in expense report leads to exit of Polycom CEO Andrew Miller

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 […]

Categories
Executive Movements

Raj Jain is no longer heading Walmart India operations.

  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 […]