Nani Palkhivala joined the ACC board as member in 1968 and became chairman the next year, had relinquished the chairmanship in 1997 but had continued to be on the board as a non-executive director.

Due to his ill health, Palkhivala could attend only four board meetings last fiscal out of the 12 held. He was also on three board committees. ACC is not seeking his reappointment at the annual general meeting scheduled for July 12.

Palkhivala, had been a director of Tata Sons, the Tata group's holding company, and led ACC for most of its glory days.

In 1997, he stirred up a hornet's nest when he strongly disowned any ownership links with the Tatas, one of ACC's four original promoters.

After passing on the baton to Pallonji Mistry that very year, ACC changed its stance and accepted its lineage, only to see the Tatas divest their entire stake in the company.

Except for two years, between 1977-79 when he was the ambassador to the US, Palkhivala remained the chairman till he stepped down in 1997.
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Two directors quit Baan Infosystems
Mumbai—Darayus Barucha, Baan Infosystems' India Research & Development head, Soli Kheswalla director for support operations in the R&D unit for the Asia Pacific region of Baan Infosystems have quit.
Baan Invensys is a global provider of enterprise business solutions such as Enterprise Resource Planning and is a part of the $640-million Dutch software and systems company -- Invensys Software Systems.
company sources say the move is a part of Baan's restructuring initiative in India.

Thus the company's R&D facility at Seepz in Mumbai will be headless till a new CEO from within the company is appointed.
Darayas Barucha headed the R&D facility which has a strength of 80 professionals at the company's development centre in Mumbai. Baan runs another development facility in Hyderabad and does sales consultation through the Web.
Baan Infosystems was formed in 1978, and is now a part of the Invensys Software Systems Division of Invensys. The company was acquired by UK-based Invensys in June 2000, and is part of the latter's software systems division. The British company holds 75 per cent in Baan and has plans to acquire the rest of the equity that is held by Dutch investors.
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Daewoo Motor India gets Cho as new MD
New Delhi— Y C Kim, Daewoo Motors India, DMIL, managing director and chief executive has resigned and handed over charge to Young Tae Cho. Kim, who has been with the group for 26 years, is moving back to United States due to health reasons, a DMIL statement said.
Cho has been at the helm of Daewoo affairs for over five years. Prior to his India appointment, Cho was executive director, member of the board, director of sales division in Daewoo Motors, Poland. He also headed operations of the company in Peru, Venezuela and Ukraine.
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