Gelli resigns, board to meet today
Hyderabad: Ramesh Gelli finally stepped down after serving for seven years as the chairman and managing director of Global Trust Bank. Dr Jayanta Madhab, a promoter of the bank, is tipped to take over as non-executive chairman as the bank is also splitting the post into two. Wednesday.

Gelli says he will request the board of directors of the bank to choose "independent professionals" for chairman and managing director.

The meeting had been scheduled for late afternoon on Thursday.

GTB sources said Gelli’s resignation was was an internal decision of the bank and added that these steps were being taken on recommendations of Nobel & Hewitt.

But sources in UTI Bank said that RBI had asked Gelli to step down from the CMD level as it did not want GTB to be affected in any way in the event the alleged insider trading charges were proved against Gelli.

The bank has short-listed three candidates for the chairman’s post: a former State Bank of India executive, a former private sector banker and an internal candidate– former Corporation Bank CMD and presently director, Institute of Banking Personnel Selection, R S Hugar. Hugar joined the bank board earlier this year.

Gelli’s departure in such a fashion is ironic considering he was the first banker to have been conferred with the Padmashree title in recognition for his service to the banking sector in the country.
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Ketaki Gupte to quit HTA
Mumbai: After a stint spanning two decades Ketaki Gupte, senior vice president and executive media director of Hindustan Thompson Associates is quitting the number one ad agency.

She will move out of media and advertising to join the huge global executive search firm Korn Ferry. Mike Khanna, managing director, Hindustan Thompson Associates, confirmed the movement.

She will be in charge of top-level recruitment for consumer goods companies.
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STAR India restructures operations
After Zee; Star India is reshuffling its top management.
In the new set-up, Sameer Nair, senior executive vice-president (programming) will head a new division called "content and communication," in addition to which he will also look after marketing of the programmes.

Vikram Sakuja, executive vice-president, marketing, ex-Coke, is to be part of Nair's team.

Jagdish Kumar, executive vice president, corporate will be part of the Star’s DTH team headed by Altaf Ali.

LS Nayak, executive vice-president, will take care of advertising and sales across the whole network.

Shankar Narayan, CFO, STAR will take on additional responsibility of HR, legal and accounting while Kaushal Dalal will be in charge of business development.

Sumantro Dutta, executive vice president (advertisement & sales) Star Plus will move to the newly formed radio division of Star. Star India recently started a division to offer marketing and sales services to private FM radio players.

Peter Mukherjea, CEO, Star India confirmed the moves.
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Patricia F Russo named president, COO, Kodak
Rochester: Patricia F Russo, a former executive of a huge telecommunications equipment manufacturer, has been named president and chief operating officer of Eastman Kodak.
This makes her the second in command at Eastman Kodak reporting to the chairman. Chief executive Daniel A Carp Russo will oversee daily operations of Kodak's operating divisions and serve as a Carp's strategic partner.

Russo was earlier with telecom equipment maker Lucent Technologies as executive vice with responsibility for overseeing corporate functions as strategy, procurement and business development and before that with AT&T, where she was president of the business communications systems division.

According to a senior company official at Kodak, Her arrival at Kodak comes at a time when imaging and information management technologies are converging. Her knowledge of the information technology industry will bring a fresh perspective to driving change at Kodak, he said.
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Changes in senior management at MSN
Seattle: Among the changes in senior management portfolios announced at Microsoft last Thursday, perhaps the most significant is that of Brad Chase. The man, who steered the launch of Microsoft's popular Windows 95 operating system, will step down as senior vice-president in charge of MSN's technology and operations.

Spokesman Matt Pilla said the change was not made public when the company announced a series of other executive shifts in its MSN division last week. Chase made his decision about the same time as those staffing changes were announced.

Microsoft’s consumer-oriented MSN division includes the company's popular Web sites, browsers, Hotmail e-mail and instant messenger system.

Among the changes announced last Thursday, group vice president Bob Muglia was put in charge of the Personal Services Group, a division for creating subscription-based premium services for .NET that includes parts of MSN.

Microsoft vice president Yusuf Mehdi was put in charge of the MSN and Personal Services Business Group, responsible for network programming, business development and sales and marketing of MSN's software service efforts.
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