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PERSONS IN NEWS - May 2019

May 2019

Jul 09, 2019

LinkedIn Appoints Ashutosh Gupta

Professional social media network LinkedIn announced the appointment of Ashutosh Gupta as Country Manager for India, effective September 2019.
He would replace Mahesh Narayanan, who was Country Manager for India from January 2019 to June 2019.
With over two decades of experience in the Internet and IT & Software Services, Gupta worked in industries across firms such as Google, Cognizant and Infosys.
He joined LinkedIn in 2013 to lead LinkedIn's Marketing Solutions (LMS) in India. In 2016, he moved to Singapore to build LMS's Online Sales Organisation (OSO) for Asia Pacific and China.

Jul 06, 2019

Rao Removed as CBI Additional Director

M. Nageswara Rao, who was made interim chief of the Central Bureau of Investigation (CBI) for a short period last year, was moved out of the premier investigative agency.
The order on the 1986-batch IPS officer was cleared by the Appointments Committee of Cabinet which has Home Minister Amit Shah and Prime Minister Narendra Modi as its members. Rao was made director general of Fire Services, Civil Defences and Home Guard, till he retires next year.
Despite Supreme Court barring him from taking any major decisions, Rao transferred an officer in January this year and was sentenced by the Supreme Court for contempt.

Jul 04, 2019

Sassoli to be President of EU Parliament

Italian socialist David-Maria Sassoli was elected to head the European parliament, completing the bloc's drawn-out and at times acrimonious appointment process for its top jobs.
In the second round of voting at the Strasbourg-based legislature, Sassoli received 345 votes, well over the absolute majority required of the 667 available.
Conservative Jan Zahradil from the Czech Republic got 160 votes, while the German Greens leader Ska Keller received 119 and the Spanish left-wing candidate Sira Rego trailed with 43.
Sassoli succeeded fellow Italian Antonio Tajani, an Italian EPP Christian Democrat who stepped down.

B.K. Birla Passes Away

Basant Kumar Birla, chairman of the BK Birla Group and grandfather of industrialist Kumar Mangalam Birla, died in Mumbai. He was 98.
B. K. Birla, or Basant babu as he was fondly called in business circles, was born on January 12, 1921.
He was industrialist and philanthropist Ghanshyam Das Birla's youngest son.
Soon after completing his matriculation exam from Kolkata's legendary Hare School in 1936, BK Birla was inducted into the family business, specifically in Kesoram Industries Ltd.
In fact, B. K. Birla once mentioned in an interview that his first assignment was as a cashier at Kesoram.

Jul 03, 2019

N. S.Vishwanathan Gets Extension

N. S. Vishwanathan was re-appointed as deputy governor of the Reserve Bank of India (RBI) for one more year.
The Appointments Committee of the Cabinet approved re-appointment of Vishwanathan as the deputy governor for a period of one more year with effect from July 4 this year (2019).
His existing tenure was to end on July 3, 2019.
Vishwanathan is one of the three deputy governors, besides B P Kanungo and M K Jain, working at the central bank.

Christine Lagarde to Step Down

International Monetary Fund chief Christine Lagarde announced she would step down temporarily from the global crisis lender after being nominated to lead the European Central Bank.
EU leaders announced a deal to fill the top positions in the political and economic bloc, including picking Lagarde to succeed ECB chief Mario Draghi, whose single, eight-year term ends in November 2019.
The nomination means Lagarde would step down two years before the end of her second five-year term at the helm of the IMF, which would open a search for her replacement.
The fund's executive board met and named American economist David Lipton, Lagarde's chief deputy, as interim leader of the institution.

Jul 02, 2019

Sekar IOB's New MD and CEO

Former Dena Bank MD Karnam Sekar took over as the new Managing Director and CEO of Indian Overseas Bank. He replaced R. Subramaniakumar, who was instrumental in taking measures to turn around the bank, which has been reporting loses due to high NPA.
Sekar was on Special Duty and was a whole-time director of the Bank since April 2019.
His appointment came into effect on July 1, 2019.
Prior to joining IOB, he was MD & CEO of Dena Bank, a position he held till March 31, 2019.
Before that, he was Deputy MD and Chief Credit Officer in State Bank of India, heading its Highest Credit Committee.

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