Crompton Greaves to have insiders for CEOs of split businesses
Mumbai: The three companies that are proposed under the Crompton Greaves demerger plan will promote internal candidates to the chief executive positionss, K.K. Nohria, chairman and managing director of the company, has revealed.

At present, the largest group, power systems, is headed by Ranjan Dasgupta, while C.P. Dusad heads the industrial systems division, T.K. Mukherjee the consumer products and S.M. Trehan the fast-growing digital group. Mr Dasgupta, Mr Dusad and Mr Mukherjee are members of the board.

Mr Nohria's statement sets to rest the speculation that the demerger plan could result in the induction of the three nephews of group chairman L.M. Thapar -- Karan, Gautam and Vikram Thapar -- as chief executives, a report in The Economic Times said.
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Paul Batchelor CEO of AMP
Sydney: AMP Ltd, the financial services company, said its chief financial officer Paul Batchelor will become its new chief executive officer in three months, replacing George Trumbull. Mr Trumbull will return to the US.

Mr Batchelor joined the company as life insurer and fund manager and became its chief financial officer. AMP has global assets A$225 billion under management, with operations in Australasia and the UK.
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