LEADERSHIP CHANGES IN PAST WEEK

LEADERSHIP CHANGES IN PAST WEEK

SUBODH BHARGAVA CHAIRMAN OF VIOM NETWORKS DECIDES TO QUIT

Subodh Bhargava, chairman of Viom Networks, has decided to quit, citing his "discomfort about the speed at which the business was growing".

 This will be the second high-profile exit from the company in recent months after Arun Kapur, the former chief executive, quit late last year.

 MANAGEMENT  REJIG AT INFOSYS

Infosys announced that two of the company's top leaders - B G Srinivas and Ashok Vemuri - would interchange their positions.

Srinivas, global head of manufacturing & engineering business, would take over as the new leader of the company's financial services & insurance business.

Vemuri, present global head of its financial services & insurance business, would now lead the company's manufacturing & engineering business.

The changes are effective from April 1, the NASDAQ-listed IT major said in a statement.

MANISHA GIROTRA TO  JOIN  STANDARD CHARTERED

Manisha Girotra, the 42-yearold former India head of UBS, is poised to join British bank Standard Chartered to head its investment banking business that has slid in the league table last year amid overall fall in transactions, said two people familiar with the development.

Girotra, the public face of UBS for nearly a decade in India, would work with the regional merger and acquisition teams of Standard Chartered in Singapore and Hong Kong.

DHANLAXMI BANK CEO AMITABH CHATURVEDI QUITS

Amitabh Chaturvedi, MD and CEO of Dhanalakmi Bank has put in his papers.

Mr Chaturvedi joined the bank in October 2008. His resignation comes within months of Reserve Bank of India approving his extension as chief of the bank for three years till October 2014.

FALGUNI NAYAR QUITS KOTAK MAHINDRA BANK

In a Latest in the series of top level exits in the banking circle in India, Falguni Nayar has quit Kotak Mahindra Bank.

Sources at Kotak confirmed that Shanti Ekambaram who is heading the Wholesale Banking at Kotak Mahindra Bank will take over from Falguni as the MD of Kotak Investment Banking.


Shanti Ekambaram is now expected to oversee the firm's activities in equity raising, private equity placements, M&A and corporate advisory.

RAJESH LADDHA TO REPRESENT PIRAMAL ON VODAFONE BOARD

The Piramal Healthcare group will get a board seat after its purchase of additional 5.5% in Vodafone India, but the company will still remain aloof from ongoing management of the country's second largest GSM telecom operator, said Ajay Piramal. 

The group has nominated its Chief Financial Officer, Rajesh Laddha to represent it on the Vodafone board, said the chairman of the Piramal group.

GOOGLE'S SHAILESH RAO QUITS, JOINS TWITTER AS VICE PRESIDENT FOR ITS INTERNATIONAL OPERATIONS

Shailesh Rao, managing director (media &platforms) at Google's Asia-Pacific operations, has left the world's biggest Internet search company to set up Twitter's international business. 

Rao, 41, will join Twitter as vice-president for its international operations. 

PHILIPS INDIA APPOINTS ADA RATNAM AS PRESIDENT OF CONSUMER LIFESTYLE BUSINESS

Dutch electronics major, Philips on Monday announced the appointment of Ada Ratnamas the president of its consumer lifestyle business in India.

Mr Ratnam, who was earlier the head of the lighting systems and controls business of Philips India, will take over charge from Anjan Bose who will retire on March 31, 2012. Mr Ratnam joined Philips in November 2004. 

VOLVO'S MD AKASH PASSEY MOVES AS VP TO OVERSEE GROWTH IN EMERGING MARKETS

The world's second largest bus maker Volvo Bus Corporation has promoted its India head and managing director, Akash Passey to senior vice-president, Region International of the company to oversee growth in emerging markets of India, China, Asia Oceania, Middle East and Africa .