News makers: :
18 June 2001
Top-level
exodus at BPL Innovision
Bangalore--BPL Innovision Group is facing an exodus
of personnel at the top level. Over 10 top executives
at senior levels have left for greener pastures. And at
a time when rumours of a possible merger with Bharti or
AT&T are doing rounds.
The people who are leaving include group CTO Rawat, said
to have joined Reliance Infotech along with key sales,
marketing and HR functionaries like R Swaminathan, Nandalan
Narayan, and A T P Ramani. S L Narayanan, chief financial
officer, BPL Cellular, has joined HCL Technologies.
Apart from these, Bharat Chari from the portal division,
Sam Selvakumaar, a sales head, and Lester Herbert, CTO
for Kerala and Tamil Nadu, too have left the group.
22 June 2001
Bilt
board recast following VM Thapar’s resignation
New Delhi--V M Thapar, joint managing director,
Ballarpur Industries has resigned from the board of directors
of the company. The board has been reconstituted after
his resignation.
B Hariharan, chief financial officer, was inducted as
a whole-time director. M J Subbaiah will now represent
ICICI on the reconstituted board in place of Sandeep Bakshi.
These changes were approved by the board at its meeting
held on Thursday, a company statement said.
Now the board of directors of Bilt consist of: L M Thapar
(chairman), Gautam Thapar (vice-chairman and managing
director), M J Subbaiah (nominee of ICICI), G P Kohli
(nominee of LIC), K G Vassal (nominee of UTI), K K Nayyar,
Ram S Tarneja, M M Thapar, Cherif Sedky, R R Vederah (director,
operations) and B Hariharan (director, finance).
19 June 2001
Nani
Palkhivala calls it a day
Mumbai— Nani Palkhivala has decided to step
down from the board of The Associated Cement Companies
(ACC) on health grounds. He will remain chairman emeritus
following a resolution passed last year.
Nani Palkhivala joined the ACC board as member in 1968 and became chairman the next year, had relinquished the chairmanship in 1997 but had continued to be on the board as a non-executive director.
