Summary
New Destination?
Is R. 'Sesh' Seshasayee on his way out at Ashok Leyland? Neither Seshasayee nor the company would comment, but BT learns that the 59- year-old CEO of the Chennai-based commercial vehicle manufacturer may have decided to call it a day after spending 31 years with it- the last 10 as its top man. Another source says that Sesh won't be retiring immediately but only in 2009 when his contract expires. Considered one of India's finest executives, Sesh has been responsible for turning a plain vanilla truck and bus manufacturer into a global player, with acquisitions in the Czech Republic and a manufacturing unit in Ras Al Khaimah in the UAE. Over the last few years, Sesh emerged as an industry champ, first as the President of SIAM, and then of top industry lobby, CII. COO Vinod Dasari, who joined Leyland from Cummins, is tipped to be the successor.See the full content of this document
Extract
New Destination?
Power Dip
Weeks after L. Madhusudhan Rao stunned power sector watchers by bagging the ultra-mega power project at Sasan, he was in for some surprise himself. The Bermuda-registered partner, Globeleq, that Rao's compa...See the full content of this document
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