Atul Karmarkar.Com

Rich Nottenburg, CTO at Motorola, has decided to move on. 

J.P Chalasani has taken over as the new CEO of Reliance Power, an ADAG company, that was recently listed on the stock markets. Chalasani, a former Whole-time Director (business development) of Reliance Energy, has tendered his resignation from the REL board with effect from March 7, 2008.

Nitin Paranjpe has been appointed as the new CEO and MD at Hindustan Unilever (HUL), replacing Doug Baillie, who will join the Unilever Executive as President, western Europe.

The US subprime mortgage crisis claimed another high profile victim as New York based Bear Stearns said James Cayne is to step down as CEO. The company suffered the first loss since it’s inception in 1923.

Ramesh Sobti, who till recently was the Executive VP and Country head of ABN Amro Bank, has decided to move to IndusInd bank as the CEO and  Managing Director, following the resignation of Bhaskar Ghose as MD. IndusInd Bank is a Hinduja group company.

Ed Zander had barely stepped down as Motorola CEO, when CTO Padmasree Warrior suddenly decided to pursue other opportunities, and has joined Cisco as their new CTO. She will report to CEO and Chairman John Chambers, who had this to say;

Motorola’s CEO Ed Zander has stepped down from his post, and handed over the reins to President and COO Greg Brown. Zander said he looked forward to spending some quality time with his family. However, he will remain as Chairman till May 2008.

Close on the heels of Chuck Prince resigning from Citigroup, an Indian, Vikram Pandit, is slated to get a shoo-in for the top job. If this does happen, he will be the first Indian to be appointed as the head of a leading global bank.