Hyderabad, January 11,: The Executive Board of the Indian School of Business – ISB confirmed the appointment of Ajit Rangnekar as the Dean of the ISB for a term of five years, with immediate effect.
At the Executive Board meeting in Mumbai on Friday, January 8, 2010, there was unanimous support for naming Rangnekar as the new Dean of prestigious business school.
Several candidates were reviewed for the position of the Dean ever since it fell vacant in January 2009. The Executive Board, based on the recommendations of the Dean Search committee, and extensive discussions with the faculty, students, alumni, partner schools, and other key stakeholders, found Ajit Rangnekar to be the best suited for the job.
Making the announcement on behalf of the Board, Rajat Gupta, Chairman, ISB, said: “We could not have asked for a better outcome. Ever since Ajit joined the ISB nearly 7 years ago, he has become indispensable to the school. He has played a crucial role in the school’s growth over the years, and embodies the ISB’s vision and values in everything he does. We are excited and privileged that he has accepted this responsibility, and extend to him our full support in strengthening the ISB’s position as a top ranked global B School.”
The former Dean of the Kellogg School of Management, and a member of the search committee for the selection of the ISB Dean, Professor Dipak Jain said, “The ISB, in the present stage of its evolution, has the opportunity of becoming a pivotal school in the emerging region. In Ajit Rangnekar, we have found someone with a keen understanding of the business of B School education, rich experience in the Asian region, and above all, a zealous conviction in making business schools relevant to the communities that they operate in.”
Ajit Rangnekar has a background spanning over thirty years in Consulting and Industry, across different countries in Asia. Prior to being formally appointed the Dean, he was the Deputy Dean of the school from March 2003 to January 2009. Before joining the ISB, he was the Country Head, first for Price Waterhouse Consulting and then for PwC Consulting, in Hong Kong and the Philippines. He was head of the Telecom and Entertainment Industry Consulting practice for PwC in East Asia (China to Indonesia). Rangnekar completed his undergraduate degree from the Indian Institute of Technology, Mumbai, and Post Graduation in Management from the Indian Institute of Management, Ahmedabad.
The ISB was established in 2001 and, over the years, has made rapid strides towards achieving its vision of becoming an independent top ranked global B School. Some of the highlights in its journey are:
Source: ISB Release