Indore: After a long wait, Indian Institute of Management Indore has got a chairman in Deepak M Satwalekar, venture advisor, Nexus Venture Partners. His term will be of five years.
It took nearly 20 months for the ministry of human resource development (MHRD) to appoint board chairman in this elite B-school.
The appointment is necessitated after veteran banker KV Kamath and chairman of IIM Indore board had resigned from the post in June 2015.
Kamath had tendered stepped down as chairman of IIM Indore after he was appointed chief of the New Development Bank of BRICS nations.
Ever since, the institute was waiting for appointment of new chairman. In January 2016, there were news reports that State Bank of Indian chief Arundhati Bhattacharya would be made chairman of IIM Indore. But she was instead appointed chairman of IIM Sambalpur, which is being mentored by IIM Indore.
After appointing of chairperson at IIM Sambalpur, MHRD still took more than 12 months for appointment of chairman at its mentee, IIM Indore.
