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L&T chief A M Naik quits IIM-A top board

While IIMA Director Ashish Nanda was unavailable for comments, its Chief Administrative Officer Cdr (retd) Manoj Bhatt confirmed the development.

By: Express News Service | Ahmedabad |
January 2, 2016 3:03:37 am

After having brought a sea change at the IIM, Ahmedabad during his 4 year tenure, the chairman of L&T A M Naik on Thursday announced his decision to step down from his position as the Chairman of IIMA’s Board of Governors (BoG).

Naik cited ‘time constraints’ owing to his responsibilities as an “active chairman of L&T Group” as the key reason for his resignation which he has tendered to the HRD Ministry, while expressing his wish to step down from the post. He was serving his second term as Chairman of IIMA’s BoG, a post he had been holding since 2012.

While IIMA Director Ashish Nanda was unavailable for comments, its Chief Administrative Officer Cdr (retd) Manoj Bhatt confirmed the development and said, “Yes, he (Naik) has tendered his resignation and conveyed the same to the institute. The reasons he cited were his preoccupation with L&T and his inability to spend more time at IIMA. A search panel from the board will finalise three names for the selection of the next chairman of the BoG and send it to the government after the board meeting to be held at the end of March this year.” Bhatt denied any possibility of Naik stepping down due to the ongoing tussle of the IIMs with the MHRD about differences in draft IIM Bill. Incidentally, Naik had been quite vocal about the contentious issue of ‘autonomy’ for the IIMs earlier this year, after the institutes had been up in arms with MHRD over the Draft IIM bill.
Among his notable achievements, Naik has been key in his efforts to bring in the institute’s Director from an overseas varsity namely the current IIMA Director Ashish Nanda from Harvard Law School, for bringing on board the BoG — senior Harvard professor Srikant Datar and also for the trimming of the institute’s Board of Governors from 25 to 15 members.

Naik had got a three year extension earlier last year, which would have continued till 2018. Following his resignation, a search committee will be set up to look for a suitable candidate to chair IIMA’s BoG.

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