Vindi
Banga joins MUL Board as director
New
Delhi: Maruti Udyog Ltd subsidiary of Suzuki Motor
Corp has revamped its board of directors yet again and
has inducted Manvinder Singh Banga, current chairman of
Hindustan Lever Ltd, as its fourth independent director
with immediate effect.
Earlier
this month the company re-inducted old associate and former
Maruti managing director RC Bhargava as a part-time director
and AV Birla group chairman Kumaramangalam Birla as an
independent director on its board.
The
other independent directors are Amal Ganguli, former chairman
of Price Waterhouse Coopers, India, and Pallavi Shroff,
senior partner, Amarchand and Mangaldas and Suresh A Shroff
and Co.
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ICI
India; Changes at board level
Kolkata:
Mr Deepak Parekh, chairman of HDFC, has resigned from
the board of ICI India, giving way to Ms Renu Karnad,
who will be appointed as director from August 1. Ms Karnad
is currently an executive director at HDFC.
Other
recent board-level modifications include the departure
of Dr Ashok Ganguly and the appointment of Mr Narayan
(earlier the MD) as the company's chairman.
Earlier
this year Mr Narayan had been replaced by Mr R.L. Jain,
formerly the CEO, Paints as the managing director of the
company. Apart from these the ICI board comprises Mr M.R.
Rajaram as its CFO and whole-time Director.
The
company has recently seen the passing away of Mr Jahar
Sengupta, who was its chairman during 1987-1994.
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Nakul
Anand appointed MD of ITC Hotels
New Delhi: Mr Nakul Anand has been appointed
managing director of ITC Hotels Ltd (ITCHL). He takes
over from Mr S.S.H. Rehman, who will continue as a whole-time
director on the board of ITC Ltd.
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Suguna
Swamy resigns from O&M
Chennai:
Ms Suguna Swamy, creative director (Chennai, Coimbatore
and Hyderabad), Ogilvy &Mather, has quit the agency
after 26 years. The agency is yet to decide on her successor.
Ms Swamy said she intended to take a break from advertising,
and get involved in teaching, training and mentoring in
the advertising business.
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