Earlier this week, the Indian School of Business (ISB) named its second chairman of the board in the school’s ten-year history, responsible for leading overall strategic direction and helping the school attain its vision and mission.
Adi Godrej, who is head of the 114-year old Godrej Group – a consumer goods conglomerate started by his granduncle – will take the role, effective immediately. Godrej replaces Rajat Gupta, who resigned last month facing civil charges for insider trading in the United States.
Godrej has been closely associated with ISB since its founding and is a respected business leader and philanthropist in India. Other members of the ISB board include recognized industrialists and philanthropists from throughout the coutnry. While the board will be charged with the school’s overall strategic direction, the day-to-day functioning of the school will continue to be directed by Dean Ajit Rangnekar and his team.
Godrej’s appointment was announced on April 2nd as part of ISB’s 10th Graduation Day. In the decade since it was founded to help place India firmly on the map of management education, ISB has created an alumni network of more than 3,500 professionals across 25 countries and multiply industry sectors, the school reports.
“The ISB has never been stronger, and we are very confident about its future,” Godrej said in a statement. “I have always been proud to be part of this great institution of learning and am honored to take on the role of the chairman.”
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