Saturday, September 17, 2011

Air India woos India Inc; Narayana Murthy, Deepak Parekh, S. Ramadorai approached to join board

In an attempt to rebuild its brand, beleaguered national carrier Air India is trying to get big guns from corporate India on board. The airline has sent out feelers to industry stalwarts like NRN Narayana Murthy, Deepak Parekh & S Ramadorai to join the board as non-executive directors according to two sources familiar with the evelopment.
"We have approached quite a few Industry captains informally. The government is quite keen to have these people on board. Now they have to get back to us," said a senior official in the ministry.
Narayana Murthy currently serves as non-executive chairman emeritus of Infosys. Deepak Parekh is credited for turning around Satyam (now known as Mahindra Satyam).
After appointing Rohit Nandan as the new chairman & managing director (CMD) the aviation ministry is keen on getting two to three big names to join the Air India board as non-executive directors. These positions had fallen vacant following the resignations of Anand G Mahindra, vice-chairman and managing director of the Mahindra Group, and Amit Mitra, secretary general of industry body Ficci.
17/09/11 Sameer Hashmi/Economic Times
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