Flextronics Software MD Arun Kumar passes away
Bangalore: Arun Kumar, president and managing director, Flextronics Software Systems (FSS) passed away on Friday night at San Diego in the US.

Kumar had gone for a regular check-up to a hospital, where he was advised immediate surgery due to irregular heartbeat. He is said to have died at the hospital.

Kumar credited with much of the success of Flextronics Software was awarded the coveted Hughes Chairman's Honor Award of Excellence in 2000. In September the same year, Kumar joined a select band of professionals to be nominated for the Ernst & Young Entrepreneur of the Year. Kumar had a Bachelor's degree in Electrical Engineering from the Indian Institute of Technology (IIT), Kanpur and a Masters in Computer Science from the University of Missouri, US

Kumar was the chairman of the Executive Council of NASSCOM (National Association of Software & Service Companies) and had been the chairman of the American Business Council in the Telecommunications Group. Kumar was also an active Member of the Governing Council of the University of Delhi's Institute of Informatics and Communication.
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SBI top brass reshuffled
Mumbai: Chairman of State Bank of India (SBI), Om Prakash Bhatt has reshuffled the portfolios of the top brass of SBI. The portfolios of almost all deputy managing directors except for DMD and corporate development officer (CDO) Abhijit Datta and DMD, inspection and audit, PK Mitra, have been changed.

Ashwini Kumar Sharma, the DMD and chief financial officer (CFO) is now DMD, information technology (IT). MM Lateef, who was heading SBI-Discount and Finance House of India (SBI-DFHI), State Bank's primary dealer arm, has stepped into Sharma's shoes.

Bharati Rao, DMD in charge of international banking, has been made DMD and chief corporate officer (CCO). Former CCO SK Hariharan will now head the bank's international operations as DMD.

PP Pattanaik, heading the bank's IT forays as a DMD, is likely to head SBI-DFHI.

The appointments board of the finance ministry interviewed four DMDs of the bank for the position of managing director which has fallen vacant following Bhatt's promotion as chairman of the bank. SBI has two MDs. The other MD is Tara Shankar Bhattacharya.

The four DMDs interviewed are Yogesh Agarwal, MD of State Bank of Patiala; Sanjay Bhattacharya, MD of State Bank of Bikaner & Jaipur; C Narasimham, MD of State Bank of Indore and Abhijit Datta, DMD and CDO.
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