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BW Businessworld

Leaving Post For A New Post

Bill Maris, the CEO of corporate investment group Google Ventures that he founded in 2009, says “It’s time for a new adventure”

Photo Credit : Bloomberg

Huffington Post will be soon without Huffington. Arianna Huffington, editor-in-chief of the Pulitzer winning news organisation, has announced that she will step down from the company she co-founded 11 years ago to build Thrive Global, a new lifestyle, health and wellness site. Her resignation isn’t a surprise. Speculations of her departure were rife since Verizon, which had purchased The Huffington Post’s parent company AOL in May 2015, bought Yahoo’s Internet business last month. No successor has been named yet.

The Final Act
Forty-seven-year-old Kalikho Pul, chief minister of Arunachal Pradesh from February 19 to July this year, allegedly committed suicide on 9 August, less than a month after the Supreme Court unseated him and reinstated his rival Nabam Tuki. Pul’s body was found hanging from a ceiling fan in a bedroom of his official chief minister’s residence in Itanagar which he was yet to vacate. He is survived by his wife Dangswimsai and five children.

Change Of Guard
Microsoft Inc. has named Honeywell India president Anant Maheshwari as president of Microsoft India. Maheshwari, who will join Microsoft India on 1 September, will take over operations of the company on 1 January 2017 from chairman Bhaskar Pramanik, who retires in March 2017. As president, Maheshwari will be responsible for all of Microsoft’s product, service, and support offerings across India. He will also work towards the company’s transformation in the mobile-first, cloud-first era.

The Separation
Two months after the divorce of Mu Sigma Inc’s power couple — founder Dhiraj Rajaram and CEO Ambiga Subramanian — Subramanian, along with US-based private equity investor General Atlantic, is planning to sell her and the investor’s combined 48 per cent stake in the data analytics outsourcing firm. Both General Atlantic, the largest investor in Mu Sigma, and Subramanian have 24 per cent stakes each in the company. They are looking for a buyer at a valuation of $1.5 billion.

A Little Unexpected
A little over a year after taking charge of top post from Reva’s founder Chetan Maini on 1 May, 2015, Arvind Mathew has decided to resign from the post of Mahindra Reva’s CEO. He is likely to take some other role within the Mahindra Group after being relieved from his position at Reva. Mathew is expected to be replaced by COO Mahesh Babu.

In Search Of
Bill Maris, the CEO of corporate investment group Google Ventures that he founded in 2009, says “It’s time for a new adventure”. His resignation is, however, the latest in a series of high-level departures from parent Alphabet Inc. Maris is the second Alphabet company CEO to resign, following Tony Fadell (Nest) back in June and Chris Urmson, a key member of Alphabet’s self-driving car effort, very recently. Maris would be replaced by GV managing partner David Krane.

Sweet Spot
Deepak Iyer, former CEO & MD of Bharti Axa General Insurance, has been named the new managing director at Mondelez India, the maker of Cadbury chocolates. Iyer, who will be part of the Asia Pacific leadership team, would replace Chandramouli Venkatesan, who was with the company for more than a decade.