MASTERCARD CEO AJAY BANGA TO HEAD US-INDIA BUSINESS COUNCIL
Ajay Banga, president & CEO of MasterCard Worldwide, has been elected next chairman of the US-India Business Council (USIBC), a trade association made of 350 top American and Indian companies.
Banga, who became the president and CEO of global payments and Technology Company in July 2010, takes over from Harold "Terry" McGraw III, president, chairman, and CEO of The McGraw-Hill Companies.
"As a long time supporter and member of USIBC, I have witnessed the Council's stature and influence rise dramatically as a direct result of the iconic leadership provided by former chairs Chip Kaye, Indra Nooyi, and Terry McGraw," said Banga.
Banga, who became the president and CEO of global payments and Technology Company in July 2010, takes over from Harold "Terry" McGraw III, president, chairman, and CEO of The McGraw-Hill Companies.
"As a long time supporter and member of USIBC, I have witnessed the Council's stature and influence rise dramatically as a direct result of the iconic leadership provided by former chairs Chip Kaye, Indra Nooyi, and Terry McGraw," said Banga.
SHELL INDIA CHAIRMAN VIKRAM SINGH MEHTA TO STEP DOWN IN OCTOBER
Shell Companies in India Chairman Vikram Singh Mehta, 60, will step down in October, a statement from the firm has said. Yasmine Hilton, a PhD in Genetics, who has worked in a number of leadership roles across the Shell Group, will be the new chairman.
The statement, however, did not mention why Mehta, who has been the face of Shell in India for 24 years, was stepping down.
"Vikram Singh Mehta, Chairman, Shell Companies in India has chosen to step out of the company after 24 years of service, effective October 31, 2012," it said.
The statement, however, did not mention why Mehta, who has been the face of Shell in India for 24 years, was stepping down.
"Vikram Singh Mehta, Chairman, Shell Companies in India has chosen to step out of the company after 24 years of service, effective October 31, 2012," it said.
MADHU KANNAN QUITS BSE, TO JOIN TATA SONS
BSE Managing Director and CEO Madhu Kannan has decided to leave BSE and will join Tata Sons.
BSE in a statement said: "Kannan has expressed his intention not to seek a new term at the expiry of his current term ending May 2012, to pursue another opportunity."
In a separate statement, Tata Sons said: "Madhu Kannan (38) will soon join Tata Sons as Group Head - Business Development reporting to the Deputy Chairman, Cyrus P Mistry," Tata Sons.
BSE in a statement said: "Kannan has expressed his intention not to seek a new term at the expiry of his current term ending May 2012, to pursue another opportunity."
In a separate statement, Tata Sons said: "Madhu Kannan (38) will soon join Tata Sons as Group Head - Business Development reporting to the Deputy Chairman, Cyrus P Mistry," Tata Sons.
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