Boston Professor Sushil Vachani to be new IIM-B Director

Prof. Sushil Vachani , professor of strategy and policy at Boston University School of Management has been appointed as the new director of Indian Institute of Management, Bangalore, according to the IIMB sources.
The Union Human Resource Development Ministry has approved the appointment of Prof. Sushil Vachani as the newdirectorof Indian Institute of Management (IIM), Bangalore. His name was cleared by an appointment committee of the Cabinet, headed by the Prime Minister.

This appointment comes just a few months after the appointment of a Harvard Law School Professor Ashish Nanda as IIM Ahmedabads new director. The selection of candidates from abroad was made possible last year after the Union HRD Ministry initiated a move to allow each IIM to shortlist its own candidates for the posts of director and chairman.

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Prof. Vachanis areas of research interest include the impact of non-governmental organizations (NGOs) on international business; the role of governments, NGOs and multinational enterprises (MNEs) in reducing poverty; impact of globalization and global governance on MNEs; MNE-government relations; management of diversified MNEs; management in developing countries and the internationalization of small firms.

Mukesh Ambani, the chairperson of IIM Bs board of governors and chairman of Reliance Industries had suggested Prof. Vachanis name after the incumbent director Prof. Pankaj Chandra declined to accept the extension offer.
Under the norms, the board had to send three names for the directors post and the ministry would choose one and send it to the appointment committee of cabinet (ACC) headed by the Prime Minister for the final approval. After clearance by the ACC, the board is informed about it and the new director appointed.

After Chandra had recently stepped down after being the director for nearly 6 years, IIMB had nominated Devanath Tirupati, Dean-Academics, IIM B, to be in-charge until a new director was appointed.

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