Nani
Palkhivala calls it a day from all Tata boards
Mumbai--Nani Palkhivala,
veteran lawyer and a doyen of the Tata group, is finally stepping down
from the boards of almost all the Tata companies he was associated with,
mainly for health reasons.
He eH will not be seeking re-election to the boards of Tata Steel, Tata
Engineering and Indian Hotels, but will continue to be a non-executive
director of Tata Infotech.
Palkhivala was chairman of The Associated Cement Companies (ACC), for
over two-and-a-half decades. In 1997, he relinquished the chairmanship
but was nominated as chairman emeritus by the ACC board in view of his
contribution to the company.
The feisty lawyer's gradual withdrawal from the group to which he was a
legal advisor will mark the end of an era at the Tatas.
Palkhivala is widely seen as one of the few remaining men who were
associated with group patriarch JRD Tata. Only two others of that era --
JJ Bhabha (87) and Sharokh Sabavala (83) -- continue to sit on the
boards of Tata companies.
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Ajay
Shriram soon to be DSCL chairman
New Delhi--Ajay
Shriram will soon take over as the chairman of DCM Shriram
Consolidated (DSCL).
Mantosh Sondhi, the present chairman and a former bureaucrat, has
decided to step down after holding the post for 11 years.
Sondhi is likely to be appointed chairman emeritus of the company,
sources said.
At present, Ajay Shriram is the vice-chairman and managing director of
the company. His younger brother, Vikram Shriram, is the joint
managing director.
Rajiv Sinha, an executive director on the DSCL board, is the deputy-
managing director. Some time back, Ajit Shriram, the youngest of the
Shriram brothers, too, had joined the board. He looks after Ghagra
Sugars, a fully owned DSCL subsidiary located in Uttar Pradesh.
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New
corporate structure at PepsiCo
New YorkPepsico has unveiled a new corporate structure
designed to take advantage of scale and efficiencies it hopes to reap
from its recent over $13-billion acquisition of Quaker Oats.
According t o the new structure, the Tropicana juice business will
report to Quaker CEO Bob Morrison, who will help oversee distribution
of Tropicana in the same system that has helped Gatorade grow as the
dominant sports drink in the country.
In addition, Morrison, who is also vice-chairman of PepsiCo, will
oversee Gatorade and Quaker food operations and distribution in North
America.
Tropicana would remain headquartered in Bradenton, Florida. Tropicana
chief executive Brock Leach will report to Morrison.
PepsiCo said it would form a new unit called PepsiCo Beverages
International that will fold Pepsi's three international beverage
units into one under the oversight of Peter Thompson, who has headed
the international operations since 1996.
Rogelio Rebolledo, principal architect of PepsiCos international
snack business, would head a new Frito-Lay International unit the
company said.
That unit will combine PepsiCo's Europe/Africa/Middle East, Latin
America/Asia and Pacific/Australia units with the Quaker snack and
food businesses outside North America.
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Six
new top honchos inducted at Zensar
Pune--Zensar
Technologies has bought in six new management staff at the top level
to head its new as well as existing businesses in the domestic and
overseas markets.
The company has acquired a company off-the-shelf in Germany that will
enable the company to start operations in Frankfurt by September.
Ganesh Natarajan, deputy chairman and managing director, said,
"We are confident that our new thrust in key verticals and the
experience of outstanding managers who have come on board will keep us
on target to meet our ambitious three-year vision of achieving triple
revenues."
The people who have joined include Sukhnandan Vohra formerly with
Grindlays and Chase Manhattan, Raj Dhillon, who has 20 years
experience in software solutions with particular emphasis on the
retail business, Deepak Shikarpur, formerly with Telco and Tata
Technologies will head the manufacturing domain of Zensar.
In a move to increase the consulting skills in key verticals, Zensar
has inducted R R Dasgupta, formerly with IBM consulting and Dilip
Thomas, formerly with Hexaware Technologies.
The overseas sales team of Zensar has also been strengthened with the
induction of some experienced professionals.
Arvind Sirrah, formerly with NIIT will be heading the banking and
financial services solutions marketing in New York. While Aamod Wagh,
formerly with LGSoft will head Asia-Pacific and Africa operations.
Praveen Gogia, formerly with TCS will head the Scandinavian operations
of the company. In North Europe, Zensar is setting up two new offices
in Stockholm and Helsinki to cater to the growing demand from the
telecom and mobile phones sector.
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