A.N. Joshi BSE executive director
Mumbai: A.N. Joshi, deputy managing director of the State Bank of India and managing director of SBI Factors and Commercial Services, has been appointed executive director of the Bombay Stock Exchange. Joshi will hold a three-year term.

Anand Rathi, president of the exchange, said Mr Joshi is expected to take charge by end-August, as he has to complete various formalities with his current employer.

Mr Joshi replaces Ramesh C. Mathur, another former SBI officer, who stepped down in April.
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Chawla is CEO of Max India unit
New Delhi: Nripjit Singh Chawla is the new chief executive officer of Max India's new healthcare business.

The company has an alliance with Harvard Medical International, a subsidiary of Harvard University, for setting up hospitals, providing managed health care services, medical education, hospital administration consultancy and clinical research.

Mr Chawla has 29 years of industry experience with a strong services sector background. He was country manager, India, Korn/Ferry International before he took up the present assignment. 
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Mascarenhas on IATA board
Mumbai: Air-India's managing director Michael P. Mascarenhas has been elected member of the board of governors of the International Air Transport Association. He will have a three-year term from 1999. The board of governors is responsible and accountable for the overall performance of IATA, the representative body of airlines throughout the world with over 260 airlines as members.
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Ericsson CEO removed
Stockholm: The board of Telefon AB LM Ericsson, the world's largest manufacturer of mobile telephones, has removed the company's president Sven-Christer Nilsson. Mr Nilsson had been appointed in that position a year ago.

Mr Nilsson agreed to stand down as the company announced plans to speed up a wide-ranging overhaul.

The board said a change in CEO was intended to improve profitability and long-term growth in the company. "It is on the initiative of the board that we asked him to leave, so it is not a one-sided resignation, " Ericsson's chairman Lars Ramqvist said.

The board has been impatient with the slow pace of efforts of the Swedish company to enter new product areas. Finnish rival Oy Nokia has far outshone Ericsson over the past year and-a-half.

Mr Ramqvist will now take over as CEO and continue as chairman.
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