Leadership Changes

UTI CMO JAIDEEP BHATTACHARYA QUITS

Jaideep Bhattacharya, group president & chief marketing officer of UTI Asset Management, the country's fifth largest mutual fund has resigned.

While UTI, in a late press release, said Bhattacharya is moving on to 'pursue other interests', sources said his resignation followed differences with board members.

ADITYA BIRLA NUVO NAMES ASHISH DIKSHIT AS CEO OF MADURA FASHION & LIFESTYLE

Aditya Birla Nuvo, which will take controlling stake in Pantaloons fashion outlets chain, has named  Ashish Dikshit as the CEO of Madura Fashion & Lifestyle, the country's largest apparel maker.

Dikshit will replace Pranab Barua who has taken over as the business director of apparel and retail divisions at Aditya Birla Nuvo, a Rs 21,000-crore conglomerate of Kumar Mangalam Birla.

AV Birla Group and Kishore Biyani's Future Group on Monday announced an Rs 1,600-crore deal for AB Nuvo to acquire 50.01% stake in the fashion business of Pantaloon Retail.

MAX BUPA NAMES MANASIJE MISHRA AS CEO DESIGNATE

Private health insurance company Max Bupa today said it has named Manasije Mishra as the Chief Executive Officer Designate.

However, Mishra's appointment will be subject to requisite regulatory approvals, Max Bupa said in a release issued here.

He will succeed Damien Marmion, the founding CEO of Max Bupa, and work closely with him over the next few months to ensure a seamless transition and would assume the position of CEO of Max Bupa thereafter.

INMOBI NAMES SANDEEP DESHPANDE AS NEW INDIA COUNTRY HEAD

 InMobi has named Sandeep Deshpande as its country general manager, India, the Bangalore-based mobile advertisement network announced

Deshpande, who has previously had stints with Yahoo!, Alibaba.com and Rediff.com, will be responsible for InMobi's business operations and growth in India, according to a press statement released by the company.

ARUN GUPTA, CHANDRASHEKHAR NAVALKAR QUIT SHOPPERS STOP

Senior executives-Arun Gupta, chief technology officer, and chief financial officer Chandra shekhar Navalkar -at the country's first department store chain Shoppers Stop have quit, amidst belt-tightening in the retail sector.

The exits, expected to be announced on Monday when the Mumbai-based retailer will announce its quarterly results, come at a time when all retailers are focused on cost-cutting exercises and increasing efficiencies, triggering restructuring exercises and job cuts.

Several senior honchos across Future Group such as Vibha Rishi, who was executive director customer strategy, Sanjeev Agarwal joint CEO of Future Value Retail and Pantaloon Retail's COO Pankaj Tibrewal also quit recently.