AI revamp: Murthy, Pitroda, Ramadorai tipped for board

New Delhi: Taking aggressive steps to turn around cash-strapped National Aviation Co. of India Ltd-run Air India in two years, the government has said it would carry out a major revamp of the airline’s top management within a month and divest some stake in the carrier in the near future.
“You will see in the next 30 days a major change in the top management in Air India. Some heads are going to roll,” civil aviation minister Praful Patel told Times Now TV channel. “We are going to bring high quality people of great integrity and people with a proven track record in business.”
The minister’s remarks came amid reports that Air India was expecting an estimated loss of about Rs5,000 crore in the fiscal 2009.
At least seven independent directors, who are internationally reputed, would be inducted on the board, ‘PTI’ said, quoting unnamed sources. At least four such positions are unfilled currently. ‘PTI’ added that the names doing the rounds for inclusion in the Air India board include National Knowledge Commission chairman Sam Pitroda, Infosys Technologies Ltd mentor and chairman N.R. Narayana Murthy and Tata Consultancy ServicesLtd chairman and managing director S. Ramadorai.
A global advertisement will also be put out for a new chief operating officer for Air India, said two government officials, who declined being named.
08/07/09 Tarun Shukla/Livemint

To Read the News in full at Source, Click the Headline

Categories: NACIL Jul 2009