Major Movements in the month of February 2020

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Major Movements in the month of February 2020

ESSAR PROJECTS ROPES IN EX- ACCENTURE MD- HR, DR. TANAYA MISHRA AS HEAD-HUMAN RESOURCES

Dr. Tanaya Mishra has joined Essar Projects Ltd. (EPL), Dubai as Head-Human Resources. In her new role, she will be responsible for re-imagining leadership and talent practices to create the most thriving work culture for the project portfolio. Tanaya is a seasoned HR professional with over 25 years of rich and diverse experience, having worked across industries like Manufacturing, Retail, Insurance, and IT/ITES. Prior to joining Essar Projects, Dubai, Tanaya worked with Accenture as MD-Human Resources (APAC) for three & a half years and earlier to this, she was associated with big companies like SBI Life Insurance, Shoppers Stop Ltd, ACC Concrete Ltd, DHL, and JSW in key leadership roles. She has been recognized as among Asia’s 40 Most Aspirational Women Leaders (2018) and was conferred with India’s Best CHRO Award in 2017. Tanaya has done LL.B, Master’s degree in PMIR and Doctor of Philosophy (Ph.D.) in Manpower Planning from Utkal University.

WIPRO CEO ABIDALI NEEMUCHWALA STEPS DOWN

Wipro Limited has announced that Chief Executive Officer and Managing Director Abidali Z Neemuchwala has decided to step down due to family commitments. The company said in a statement that our board of directors has initiated a search to identify the next CEO. Abidali will continue to hold the office until a successor is appointed for a smooth transition and to ensure that business continues as usual. Rishad Premji, Chairman of Wipro said “We thank Abid for his leadership and contributions to Wipro. Over the last four years, Abid helped build a strong execution mindset, drove key acquisitions and scaled our digital business globally,”  Neemuchwala joined Wipro from TCS in April 2015 as Group President and COO. He was elevated to CEO in February 2016. He is a post-graduate from IIT Bombay and has a Masters in Industrial Management and also is an Electronics & Communication graduate from NIT-Raipur.

WeWork APPOINTS SANDEEP MATHRANI ITS NEW CEO

WeWork, an American commercial real estate, shared office provider company, appoints Sandeep Mathrani its new CEO and a member of the Board of Directors, effective February 18, 2020. He will report to executive chairman Marcelo Claure. Mathrani brings to WeWork extensive leadership experience in real estate, with a proven track record of transforming companies and driving meaningful growth to create value for stakeholders. According to the press release, Mathrani succeeds co-CEOs Artie Minson and Sebastian Gunningham, both of whom helped stabilize WeWork over the past several months. Minson and Gunningham will remain with the Company through a transition period to ensure a smooth onboarding process. Mathrani most recently served as CEO of Brookfield Properties’ retail group. Prior to that, he served as CEO of GGP Inc. for eight years, during which the company was recapitalized in November 2010, experienced eight years of growth, and in August 2018 was sold to Brookfield Property Partners. Prior to joining GGP in 2010, Mathrani was President of Retail for Vornado Realty Trust, where he oversaw the firm’s U.S. retail real estate division and operations in India comprised principally of office properties.  

IBM ANNOUNCED ARVIND KRISHNA AS NEW CEO REPLACING GINNI ROMETTY

Ginni Rometty, the longtime face of IBM and one of the country’s most prominent female business leaders, is stepping down as Chief Executive and IBM board of directors elected Arvind Krishna, as Chief Executive and a member of the Board of Directors, effective April 6, 2020. IBM CEO Ginni Rometty will continue as executive chairman of the Board and serve through the end of the year when she will retire after almost 40 years with the company. Arvind is currently IBM Senior Vice President. His responsibilities also include the IBM Cloud, IBM Security, and Cognitive Applications business, and IBM Research. Previously, he was general manager of IBM’s Systems and Technology Group’s development and manufacturing organization. Prior to that he built and led many of IBM’s data-related businesses. Arvind has an undergraduate degree from the Indian Institute of Technology, Kanpur (IITK) and a Ph.D. from the University of Illinois at Urbana-Champaign.

MASTERCARD CEO AJAY BANGA TO STEP DOWN

Mastercard CEO Ajay Banga to step down at year-end, and be replaced by Chief Product Officer Michael Miebach. Mastercard Inc. has announced that Chief Executive Ajay Banga will be stepping down from the top job at Mastercard as of Jan. 1, 2021 and assuming the role of executive chairman. Chief Product Officer Michael Miebach has been elected the new CEO by Mastercard’s board. He will take over that role on Jan. 1, 2021 and assume the role of president on March 1, 2020. “While the news is surprising and bittersweet given the admirable job Mr. Banga has done leading the company over the past 10+ years, Mr. Miebach has a solid track record, and we believe he is well-suited for the CEO role given his broad-based experience at the company,” Keefe, Bruyette & Woods analyst Sanjay Sakhrani wrote in a note to clients. According to the company statement, Chairman Richard Haythornthwaite will retire after more than a decade in the role, when Banga assumes his new role.

FORMER HEAD- HR OF CARL ZEISS INDIA SUDIPTO MANDAL JOINS STAR CEMENT AS CHRO

The Former Head- Human Resources of Carl ZEISS India, Sudipto Mandal joins Star Cement Ltd, a listed company and part of a billion-dollar conglomerate – Century Plyboard (I) Limited as Vice President and CHRO – HR & Admin. In his new role, Sudipto is a member of the Leadership Team and reporting to the CEO. He will head the entire Human Resources, IR and Admin function of Star Cement, and he will be responsible for developing and executing HR strategy towards building a future-ready organization and in maintaining its market leadership in the region. At Start Cement, he will lead an HR team of over 40 for overall employee strength of 3000 across 3 plants, corporate and branch offices. Providing thought leadership, support, and counsel to senior leadership in building organizational and talent capability, culture building and business transformation. Prior to joining Star Cement, Sudipto Mandal worked with companies like Carl ZEISS India Pvt. Ltd, Spencer’s Retail Ltd, Eveready Industries India Ltd, Oracle, BEA Systems, and Asian Paints Ltd.

GOOGLE’S HEAD OF HR EILEEN NAUGHTON STEPS DOWN

Google’s head of Human Resources, Eileen Naughton is stepping down later this year amid rising tensions between the company’s top executives and rank and file employees. Eileen Naughton has been at the company for 14 years, four of which have been as Vice President of People Operations has had to deal with intensifying employee anger over the company’s alleged handling of sexual harassment claims, the firing of employees who organized protests against the company, and the elimination of weekly all-hands meetings at which employees confronted executives about sensitive topics (the meetings are now monthly, and the permitted topics are limited). In a statement, Naughton said that after six years in London and San Francisco, she and her husband had decided to return home to New York “to be closer to our family”. She took over the job from Laszlo Bock, who over the previous decade had made Google a by-word for the way Silicon Valley companies both pampered their workers and sought to inspire them with invocations to “change the world”.

WALMART INC APPOINTS NEW CHIEF PEOPLE OFFICER

Walmart Inc ropes in Donna Morris from Adobe as Executive Vice President and Chief People Officer. In her new role, Donna is responsible for attracting, retaining and developing talent for one of the world’s largest private employers.  Donna has nearly 20 years of leadership experience in delivering innovative people solutions, developing and managing teams that operate in an agile way and helping to build a high-performance culture that promotes diversity and inclusion. Donna joined Walmart from Adobe, where she served as chief human resources officer and executive vice president of employee experience. A native of Ottawa, Canada, Donna joined Adobe in 2002 and most recently led all aspects of the company’s human resources, real estate, and security operations. She led a number of workplace-friendly initiatives at Adobe, including expanding its family leave policy and simplifying standard HR processes. Donna has a bachelor of arts degree in political science from Carleton University. 

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