Manwani steps into Banga's shoes at HLL
Mumbai: Unilever President (Asia & Africa) Harish Manwani will succeed M S Banga as the non-executive Chairman of Hindustan Lever Limited (HLL).

"It is the intention of the Board to elect Harish Manwani as the Non-Executive Chairman of the Company in succession to M S Banga from the conclusion of the Annual General Meeting on June 24, 2005," HLL has informed the Bombay Stock Exchange.

The Board of Directors, at its meeting on April 29, decided to co-opt Manwani as an additional Director on the Board while Banga has stated that he will not seek re-election as non-executive Director at the AGM.

"Consequent to him becoming President (Foods) of Unilever, M S Banga has advised the Board that he will not seek re-election as a non-executive Director at the AGM of the company scheduled for June 24, 2005," it said.
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SC Gupta takes over as Chairman at PNB
New Delhi: S C Gupta has taken over as Chairman of the Punjab National Bank, with the state-owned bank's chief S S Kohli retiring on Saturday. Gupta, 58, had earlier served as chairman of Chennai-based Indian Overseas Bank.

He started his career with the SBI in 1966 and later joined the Syndicate Bank. Then he moved to OBC and became its executive director in 1999. In December 1999, Gupta was appointed chairman of IOB.

PNB is now the third largest bank in the country with a business of over Rs1,67,000 crore.
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V.V.R. Sastry is BEL Director
Bangalore: V.V.R. Sastry is the new Director (Commercial & Management Services) of Bharat Electronics Ltd, taking over from S.C. Khanna, who retired on April 30.

A Bachelor of Engineering in Electronics & Communication, Sastry joined Bharat Electronics in 1969 as Assistant Engineer. During his 36-year stint, he has worked in areas such as development and engineering, production engineering, project management, technology management, commercial management and marketing.

He was General Manager of the Military Communication & Electronic Warfare Strategic Business Unit in the Bangalore complex of BEL till he became Director in 2002.

He also headed BEL's New York office for three years.
Sastry is a senior assessor for the CII-EXIM Bank business excellence model.
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