38.6c New Delhi, India, Friday, March 29, 2024
Business

Shiv Nadar Steps Down as CEO of HCL, Daughter Roshni Nadar Malhotra to take over

By Tanurag Ghosh      18 July, 2020 12:39 PM      0 Comments
Roshni Nadar Malhotra HCL CEO

The generational transfer of power is taking place at HCL tech. Shiv Nadar has stepped down from the chairman’s post. Roshni Nadar Malhotra has been appointed the CEO elect with immediate effect. However, Shiv will retain his position as the Managing Director of the firm. In its press-release the firm said-

“The Board of Directors has appointed Ms. Roshni Nadar Malhotra, Non-Executive Director as the Chairperson

of the Board of Directors and the Company w.e.f. July 17, 2020, in place of Mr. Shiv Nadar who expressed his desire to step down from the position of the Chairman. Mr. Shiv Nadar would continue to be the Managing Director of the Company with the designation as the Chief Strategy Officer of the Company.”

As the Chief Strategy Officer, Shiv will also oversee the strategic direction of the firm. 

Roshni is currently an executive director of the firm. The 38-year-old businesswoman, she is considered as one of the wealthiest women in the country. She was ranked 54th on Forbes’ list of World’s Most Powerful Women in 2019. Her wealth has been estimated at Rs. 36,800 crores. 

She’s an MBA graduate from Kellogg School of Management and has worked as a producer with various companies before joining the HCL group. Within a year from her appointment, she has been elevated as the CEO and Executive Director of HCL Corporation. She has been affiliated with growing and defining the vision of the Shiv Nadar Foundation as a trustee. Apart from CSR initiatives, she has also led the education wing for the firm. 

Currently, she is also the chairperson of Vidyagyan Leadership Academy, for economically underprivileged people. In the line of generational heads of firms, she is the second person to be appointed as the CEO of an IT firm, with Rishad Premji being appointed chairman of Wipro after his father Azim in July 2019.

 



Share this article:



Leave a feedback about this
TRENDING NEWS

arvind-kejriwals-plea-for-interim-release-rejected-by-delhi-high-court
Trending Judiciary
Arvind Kejriwal's plea for interim release rejected by Delhi High Court [Read Order]

Delhi High Court rejects Arvind Kejriwal's plea for interim release in money laundering case related to liquor policy scam, pending ED's response.

28 March, 2024 10:50 AM
youtuber-strings-plea-against-youtube-accounts-suspension-andhra-pradesh-hc-issues-notice-to-centre-google
Trending Top Stories
BREAKING: Youtuber String’s plea against Youtube accounts suspension: Andhra Pradesh HC issues notice to Centre, Google

Andhra Pradesh High Court issues notice to the Centre and Google LLC on Youtube journalist String’s plea against suspension of its accounts by Google (which owns Youtube).

28 March, 2024 11:26 AM

TOP STORIES

delhi-liquor-scam-court-remands-arvind-kejriwal-to-ed-custody-till-march-28-read-remand-application
Trending Judiciary
Delhi liquor scam: Court remands Arvind Kejriwal to ED custody till March 28 [Read Order]

Delhi liquor scam: Arvind Kejriwal remanded to ED custody till March 28. Court grants agency permission for interrogation in liquor policy case.

23 March, 2024 11:53 AM
sc-dismisses-centres-plea-for-review-of-judgment-directing-ed-to-furnish-written-grounds-of-arrest-to-pmla-accused
Trending Judiciary
SC dismisses Centre’s plea for review of judgment directing ED to furnish written grounds of arrest to PMLA accused [Read Order]

Supreme Court dismisses Centre's plea, upholds judgment mandating Enforcement Directorate to provide written grounds of arrest in PMLA cases.

23 March, 2024 03:14 PM
kerala-hc-to-hear-lesbian-couples-plea-against-forced-conversion-therapy-on-april-9
Trending Judiciary
Kerala HC to hear lesbian couple’s plea against forced conversion therapy on April 9

Kerala HC will hear a lesbian couple’s plea highlighting that one of them was subjected to forced conversion therapy.

23 March, 2024 03:30 PM
how-can-people-be-compelled-to-vote-madras-hc-asks
Trending Judiciary
“How can people be compelled to vote? Madras HC asks

“How can people be compelled to vote?”, the Madras HC queried in a plea asking employers in Tamil Nadu to demand proof from employees of having voted on polling day.

23 March, 2024 05:04 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email