Kim is Daewoo president
New Delhi: S.J. Kim, vice-chairman of Daewoo Motors India, has been appointed president and chief executive officer of Daewoo Motors of South Korea. Mr Kim will leave India, and will be based in Seoul to head Daewoo Motor's global operations outside Korea. He will continue to be a representative of Daewoo in the Indian subsidiary.
Back to News Review index page  

IPCL director quits to join Reliance
Baroda: Indian Petrochemicals Corporation Ltd’s finance director N. Chandar has resigned. He is planning to join Reliance Petroleum as head of its Jamnagar project.

Meanwhile, the government has asked K.G. Ramanathan, chairman and managing director of IPCL, to continue till the disinvestment process is completed. Mr Ramanathan’s term was to end on 31 December 1999.
Back to News Review index page  

Prasad Chandran to be BASF CMD
Mumbai: Prasad Chandran, director in charge of crop protection business, BASF India, will be the company’s new chairman and managing director. He will take over from P.M. Thampi,  current chairman and managing director, on 2 April 2000. Mr Thampi is retiring from the company after 14 years as its head.

Mr Chandran has nearly 25 years of experience, and has held senior positions in Rallis India and the erstwhile Searle (India), where he was executive director.
Back to News Review index page  

Vajpeyi is COO of DSP Merrill Lynch
Mumbai: Alok Vajpeyi is the new chief operating officer of DSP Merrill Lynch Asset Management (India). Mr Vajpeyi will assume office on 1 January 2000. He will be responsible for development of business including strategic direction, marketing, distribution, legal, compliance and administration.

DSP Merrill Lynch has recently appointed R. Sreesankar as executive vice-president of the company.

Under the new dispensation, Seema Thakore, chief compliance officer, S. Ramanathan, chief administrative officer, and Gavin Azavedo, chief marketing officer of DSP Merrill Lunch Mutual Fund will report to Mr Vajpeyi.

Mr Vajpeyi was head of equities with BZW India.
Back to News Review index page  

Manan Lalbhai dead
Mumbai: Manan Lalbhai, managing director of Atul, passed away at Valsad in Gujarat, following a heart attack. He was 47. Mr Lalbhai, grandson of noted industrialist Narottam Lalbhai, started his career with Arvind Mills in 1973.
Back to News Review index page  

Nike co-founder Bowerman dead
Beaverton, Oregon: Bill Bowerman, 88, co-founder of Nike, is dead. Bowerman, who was a former coach for the University of Oregon track team, had modelled the first modern running shoe by pressing rubber in his wife’s waffle iron. He remained on the board of Nike till 1998.
Back to News Review index page