Kiran Mazumdar-Shaw appointed new chairperson of IIM Bangalore

Indian Institute of Management-Bangalore (IIM-B) has appointed Kiran Mazumdar-Shaw as the Chairperson of its Board of Governors.

At the meeting of the Board of Governors of IIM Bangalore held on February 11, the chairperson, Mukesh Ambani, expressed his decision to step down, IIM-B said in a release.

The board, accordingly, appointed Kiran Mazumdar-Shaw as the Chairperson of the IIM-B Board of Governors with effect from February 11, it added.

"Kiran Mazumdar-Shaw, Chairman and Managing Director, Biocon Limited, has been a member of the IIM-B Board for the past several years. She is the first woman chairperson of any IIM Board", it said.

She takes over from Mukesh D Ambani, who has been the Chairman of the Board for the last eight years. The Ministry of HRD has notified this change, it added.