The period of uncertainty and speculation that followed after the stepping down of the previous incumbent AM Naik on December 31 last year, got end with the appointment of noted industrialist Kumar Mangalam Birla as Chairman of Board of Governors of the Indian Institute of Management, Ahmedabad.
The name of new Chairman BoG IIM Ahmedabad was finalised by Union Minister Prakash Javadekar Ministry of HRD, Government of India, on Friday October 21, 2016. In May this year, the Human Resources Development (HRD) Ministry had rejected three names suggested by a selection committee headed by IIMA interim chairman Cadila Healthcare CMD Pankaj Patel.
The committee had at that time suggested the names of R Seshasayee, chairman, Board of Directors Infosys, HDFC chairman Deepak Parekh and Pawan Munjal, CMD, Hero MotoCorp. In the revised list, Munjal was replaced by Birla. His name was approved by the Ministry on October 21.
Naik, who is also L & T chairman, had an extended term as its chairman till 2018 preferred to resign from the position citing lack of time to devote to the IIM apart from his other responsibilities.
The IIMA chairman is expected to deal with and solve all policy related issues in the institute, help garner resources for smooth functioning of the institute. IIMA director reports to the chairperson, who is the head of governors.
IIM Ahmedabad had recently been ranked 24th for its PGPX program in the Financial Times Global MBA rankings, climbing two points from its 2015 position. It also secured 16th rank in the FT Masters in Management Ranking 2016.
Birla, whose tenure is stated to be for three years, is expected to bring in greater industry connect essential for any management institute of IIM A’s standing and reputation.
In the education field, he is the Chancellor of Birla Institute of Technology & Science (BITS), Chairman of IIT, Delhi and Director of the G. D. Birla Medical Research & Education Foundation.
He serves on the London Business School’s Asia Pacific Advisory Board and is an Honorary Fellow of the London Business School. He is also the Chairman of Rhodes India Scholarship Committee.
Apart from being Chairman of the US $41 billion multinational Aditya Birla Group, which operates in 36 countries across six continents, the 49-year-old holds several key positions on various regulatory and professional Boards.
He is on the National Council of the Confederation of Indian Industry and the Apex Advisory Council of the Associated Chambers of Commerce and Industry of India.
He also served as a Director on the Central Board of Directors of the Reserve Bank of India. He was Chairman of the Advisory Committee constituted by the Ministry of Company Affairs and also served on The Prime Minister of India’s Advisory Council on Trade and Industry.