Atul Karmarkar.Com

Shikha Sharma, CEO and MD of ICICI Prudential Life Insurance, has decided to move on. She has been offered the top job at Axis Bank, which caused current chairman and CEO JP Nayak to put in his papers after being at the helm for nine years. Nayak was against her appointment, and wanted an insider to [...]

India’s largest largest IT company Tata Consultancy Services has announced that S.Ramadorai, MD and CEO since 1996, is set to step down after 12 years at the helm, making way for N.Chandrasekaran. This is in line with the Tata group’s retirement policy. Ramadorai, who turns 65 in October, will relinquish executive power but continue to be associated with TCS [...]

ICICI Bank finally announced that Chanda Kochhar is to be the next Chief Executive Officer and Managing Director of the bank for a five year term starting May 01, 2009.  She will take over from K.V Kamath, one of the giants of the banking industry, who will become the non-executive Chairman, while another doyen, N.Vaghul, the present non-executive Chairman, will retire from the [...]

The Indian IT industry saw a quick exit by two top level executives. Venkatesh Roddam, the chief executive officer of Satyam BPO, has resigned. The company, in a statement, said his resignation has not created any leadership vacuum in the company, saying COO Vijay Rangineni will take charge in the interim before a new CEO [...]

Kalpana Morparia has resigned from ICICI Bank after putting in 33 years of service with the bank. She now joins JP Morgan and will head their operations in India. From the time she started off with the bank’s legal department in 1975, to becoming Joint MD, she was often the public face of the company [...]

Rich Nottenburg, CTO at Motorola, has decided to move on.  Motorola spokeswoman Jennifer Erickson said,

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. He joined the Reliance Group in 1995 after leaving NTPC, [...]