news


Rodrigo Rato appointed IMF Chief
Washington: The IMF has announced that Rodrigo Rato, a former Spanish Finance Minister has been appointed as the Managing Director and Chairman of the Executive Board of the International Monetary Fund (IMF) for a five-year term. He succeeds Horst Kvhler, who resigned on March 4, 2004.

Rato was Minister of Economy and Vice-President for Economic Affairs for the Government of Spain between 2000 and 2004. Before that, he was Spain's Minister of Economy and Finance from 1996 to 2000. Under his guidance, Spain has posted eight consecutive years of growth-consistently above the EU average.
Back to News Review index page  

Isdell is new Coke Chairman and CEO
Atlanta, USA: The Atlanta-based Coca-Cola Co. has said that its board of directors has tapped E. Neville Isdell to succeed Doug Daft, who announced in February that he would retire at the end of the year. The 60-year-old Isdell, an Irish citizen who joined Coke in 1966 before leaving in 2001, inherits a company that has posted strong results but has raised concerns among investors amid layoffs, key executive departures and federal investigations.

The Justice Department and Securities and Exchange Commission have been investigating fraud allegations involving the company's business practices for nearly a year. A grand jury is hearing from witnesses. The company has also laid off 3,700 people last year.
Isdell joined the Coca-Cola system in Zambia. Isdell left the company in 1998 to serve as chairman of Coca-Cola Beverages, a company that went public the same year. Isdell has served on the boards of directors of Coca-Cola Enterprises, Coca-Cola Amatil, Coca-Cola Femsa, and British Telecom, and remains a director of Scottish and Newcastle Breweries.
Back to News Review index page  

Mulji is Alpha Buildtech chief
New Delhi: Alpha Buildtech, a real estate company promoted by non-resident Indians, has named Sudhir Mulji as its Chairman.
Mulji was until recently the Chairman of Gesco Corporation, the property division of Great Eastern Shipping. Mulji has over 45 years of industry experience, a company release said.
Back to News Review index page  


 search domain-b
  go
 
domain-B : Indian business : News Review : 06 May 2004 : people