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Roshni Nadar takes charge of HCL Corp, is she the right choice? (14)

02-Jul-2009 12:10 - posted by Guest:

Roshni Nadar, the daughter of business tycoon Shiv Nadar, has been appointed CEO of the HCL group’s holding company, giving her Top 10 Wealthiest CEOs 10 most admired cos World`s top 10 valuable brands potential power and control over a $5-billion group with marque customers such as Boeing and Airbus and an employee base of 60,000.

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02-Jul-2009 12:11 - posted by Guest:

Ms Nadar, who studied MBA at the Kellogg University and is a trained classical musician, was appointed CEO and executive director at HCL Corp, the holding company, in April this year. She took over from her father who will continue to be the chairman and focus only on strategic issues.

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02-Jul-2009 12:12 - posted by Guest:

Mr Nadar, who was in Chennai along with his daughter to announce developments in their educational initiatives, said his daughter’s role will be confined to just HCL Corp. She will not be involved in the day-to-day operations of HCL Technologies, India’s fourth-largest software services exporter, and HCL Infosystems — the two publicly-held companies.

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02-Jul-2009 12:13 - posted by Guest:

"These organisations are run by highly corporatised boards. At the moment, she is responsible for the holding company, which is HCL Corporation, none of the operational companies. She joined in April this year. She runs the treasury, all the new investment decisions will be taken by her," Mr Nadar told ET in an exclusive interview. He added that he will focus on "developing a vision for the group".

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02-Jul-2009 12:13 - posted by Guest:

Ms Nadar’s appointment comes during a period of churn and change in the top management of India’s leading IT companies, and signifies, in some cases, the inevitable transition from the old guard to the new. After having built the companies from scratch into world-beating corporations, some of the key leaders are either receding into the background or giving up their positions to do other things.

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02-Jul-2009 12:13 - posted by Guest:

Last week, Nandan Nilekani, the co-chairman of the Bangalore-based Infosys Technologies and one of the most well-known brand ambassadors for India and Indian IT, quit to head a special project for the government; S Ramadorai, among those instrumental in making TCS India’s largest software services exporter, will step down in August as CEO after 37 years with the company. He will be replaced by N Chandrasekharan. Mr Nadar and other HCL officials did not dwell upon Ms Nadar’s duties in her new role. They said that she would be responsible for strategic decision-making of HCL Corporation, and would also be involved in brand-building across the HCL group companies.

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02-Jul-2009 14:06 - posted by Guest:

As a first move towards the `generation next` at the HCL Group, Ms Roshni Nadar, daughter of HCL founder Mr Shiv Nadar, has taken over as the Executive Director and CEO of HCL Corporation

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02-Jul-2009 14:06 - posted by Guest:

Mr Nadar will continue to head the corporation which is the investment company with controlling stakes in HCL Infosystems and HCL Technologies.

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02-Jul-2009 14:06 - posted by Guest:

The position of the Executive Director and CEO was hitherto held by Mr Nadar.

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02-Jul-2009 14:07 - posted by Guest:

As CEO and Executive Director, Ms Roshni will be responsible for strategic decision making at HCL Corporation, says a company release.

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02-Jul-2009 14:07 - posted by Guest:

Mr Saurav Adhikari, Corporate Vice-President, Strategy, HCL Technologies Ltd, said that Ms Roshni Nadar is involved only in the investment company HCL Corporation, and not in either HCL Infosystems or HCL Technologies - both managed by a group of professionals.

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02-Jul-2009 14:08 - posted by Guest:

A trustee of the Shiv Nadar Foundation, which has established the not-for-profit SSN College of Engineering in Chennai, Ms Roshni Nadar, has a MBA in Social Enterprise Management and Strategy from the Kellogg Graduate School of Management.

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02-Jul-2009 14:08 - posted by Guest:

She is also involved in brand building across the HCL Group.

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02-Jul-2009 14:08 - posted by Guest:

Ms Roshni returned from the US in October last, and has since been involved with the HCL Corporation before taking over Executive Director and CEO.

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