The executive board of the Indian School of Business (ISB) today accepted the resignation of Rajat Gupta, and elected Adi Godrej as the second chairman of the ISB, with immediate effect. In his new role, Adi Godrej will chair the ISB board.
Ajit Rangnekar, Dean, ISB said, “Adi has been closely associated with the ISB since its inception. Over the years, he has provided valuable guidance towards making ISB one of the largest management institutions in the world. As the chairman of the Godrej Group, Adi has a strong reputation as a business leader and is committed to an inclusive India. We welcome Adi as our new chairman.”
On ISB’s future plans, he said, “India is going to be an important centre of global management education, and ISB will continue to groom leadership for the demands of a globalised world. We will continue to stay committed to our mission to create and disseminate research based knowledge, develop and enhance business leadership and to contribute to the welfare and development of the community.”
Adi Godrej, while speaking on his new role at ISB, said, “The ISB is in its tenth year, and we have every reason to feel proud, as it has truly taken flight. The ISB has never been stronger, and we are very confident about its future. 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. I look forward to working along with the other esteemed board members and our dean to help take ISB to greater heights.” The announcement was made at the ISB campus on and coincided with the institute’s tenth graduation day. Judith Rodin, president, Rockefeller Foundation and Martin Sorrell, CEO, WPP Group were present at the occasion.
