Palany
to head Sundaram's home finance unit
Mumbai: Nitin Palany, formerly managing
director of Gruh Finance, has been engaged by Sundaram Finance,
the oldest and one of the most respected non-banking finance
companies in India, to head its home finance venture, Sundaram
Home Finance.
Mr Palany has taken over as chief executive
officer of Sundaram Home Finance recently.
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Intuit
CEO Bill Harris resigns
Palo Alto: Intuit said its chief executive
Bill Harris has resigned. Mr Harris, described as the
architect of the company's successful internet strategy,
will return to his roots as an entrepreneur.
Bill Campbell, chairman
of the company, is expected to assume charge of day-to-day
operations of the company until a new chief executive
is found.
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DaimlerChrysler
axes Stallkamp
Frankfurt: True to expectations, DaimlerChrysler
cut its management board, ousting Thomas Stallkamp, a
Chrysler veteran highly regarded in Detroit and Wall Street,
and placing chairman Juergen Schrempp, chairman of the
company, firmly at the helm.
The company said it has
cut the board from 17 to 14 members by dropping two North
American and one German executives. From 1 October, the
board will have joint chairmen -- Mr Schrempp and Robert
Eaton.
Mr Stallkamp's departure
is expected to damage the morale of the company's US employees
and deepen fears that the "merger of equals"
may ultimately turn out to be a German takeover.
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