Kiran Karnik to retire from NASSCOM

By SiliconIndia   |   Thursday, 12 April 2007, 07:00 Hrs
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April 12: NASSCOM has initiated a search process to find a suitable successor to Kiran Karnik as President of NASSCOM.

As part of the mission to 'institutionalize' NASSCOM – through appropriate structures, systems and processes, the premier chamber of commerce for IT industry has laid down well-defined HR policies. These include a retirement age of 60 years, which has triggered the start for this succession process.

The search effort has been initiated under the overall leadership of Mr. Harish Mehta, former Chairman of NASSCOM and Chairman of Onward, with the involvement of Karnik and senior industry leaders. A professional agency, Korn Ferry, has been engaged for the search.

Karnik will continue as President NASSCOM till a smooth transition to a new incumbent takes place, and discussions are on regarding his continuing involvement in an advisory capacity.

The industry has continued to register strong growth, with a ten-fold growth in the last 10 years. It is already India’s top exporter, and well on track to achieve the target of $60 billion exports in 2010.
NASSCOM in a statement said that they would continue to work on behalf of industry and in partnership with all stakeholders to anticipate and overcome these challenges.

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