Leadership

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• India Inc helping more wonder women get C-suite superpowers

  At Accenture, 29% of the leaders in India are women. Diageo India has 30% women in senior leadership. In the last few years, Marico's efforts have pushed women into close to 30% of leadership roles. PepsiCo is looking at 40% women in the India leadership team by next year. Larsen & Toubro handpicked 495 women employees to undergo leadership development programmes in the last few years.

  

• Girish Mathrubootham steps down as Freshworks CEO; Dennis Woodside takes charge

  Freshworks president Dennis Woodside appointed as new CEO. Mathrubootham to be redesignated as executive chairman. Recently his performance-based stock incentives were cancelled recently citing macroeconomic concerns. The Freshworks stock fell on the back of the news development.

  

• Cleartrip CFO Aditya Agarwal steps down as top-level shakeup continues

  Cleartrip's CFO Aditya Agarwal resigns amid Flipkart's senior management changes. Akshat Mishra to succeed him. Agarwal's key role in Cleartrip's integration into Flipkart highlighted. Former CEO Ayyappan R departing for consumer tech venture. Layoffs impacting 5-7% employees after Flipkart Group acquisition.

  

• KVS Manian likely to join Federal Bank after stepping down from Kotak Mahindra

  At the time of the announcement, Manian said that he was tendering his resignation from Kotak Mahindra Bank to pursue other opportunities in the financial services sector that he is currently exploring. Manian also stepped down from his position on the board of the bank.

  

• RHI Magnesita India Ltd Appoints Azim Syed as a Chief Financial Officer

  Azim Syed appointment as the new CFO & CIRO sees another step from RHI Magnesita India Ltd in strengthening it's leadership team and commitment to fostering growth

  

• Senior Mahindra executive Gurpratap Boparai quits

  Following his resignation, Vinod Sahay who is president, aerospace and defence and chief purchase officer (CPO)- auto and farm Sectors (AFS), will now have additional responsibility for the truck and bus and construction equipment business. Sahay will be designated as president and Chief Purchase Officer (CPO) for AFS and President for Aerospace and Defence, MTBD and CE after May 31, 2024.

  

• Gender diversity still a long way away among CFOs as women still remain underrepresented

  Despite gender diversity efforts in India, women are underrepresented in CFO roles. Challenges include bias, retention issues, and supply-side constraints. Companies struggle to retain high-potential women, impacting women's rise to top finance roles.

  

• FSIB Recommends Rana Ashutosh for State Bank’s MD Post

  Rana Ashutosh Kumar Singh recommended by FSIB for SBI MD post, pending Appointments Committee of the Cabinet approval under PM Modi's leadership. FSIB, led by Bhanu Pratap Sharma, conducted the selection process. Singh currently serves as SBI's deputy MD.

  

• Lendingkart appoints Mukund Barsagade as Group CFO

  Previously, Barsagade was the CFO of Paytm Payments Bank.

  

• Jio veteran Sanjay Mashruwala quits

  "The Board expressed its gratitude for the valuable contributions made by Sanjay Mashruwala during the company's transformative journey," Reliance Industries Ltd said in an exchange filing on Tuesday.

  

• New MD & CEO appointed at Srei Infrastructure Finance under NARCL management

  The Kolkata-based Kanorias previously controlled the twin companies of SIFL and Srei Equipment Finance Company till RBI superseded their boards over alleged mismanagement in October 2021 and subsequently initiated IBC proceedings. However, NARCL successfully acquired the companies under the Insolvency and Bankruptcy Code (IBC) initiated by RBI to resolve over Rs 32,000 crore debt of the NBFCs.