At the meeting of the Board of Governors of IIM Bengaluru held on February 11, the chairperson, Mukesh D Ambani, expressed his decision to step down, IIM-B said.
The board, accordingly, appointed Kiran Mazumdar-Shaw as the Chairperson of the IIM-B Board of Governors with effect from February 11, it added.
"Kiran Mazumdar-Shaw, Chairman and Managing Director, Biocon Limited, has been a member of the IIM-B Board for the past several years.
“She is the first woman Chairperson of any IIM Board", it said.
She takes over from Mukesh D Ambani, who has been the chairman of the Board for the last eight years.
The Ministry of HRD has notified this change, it added.
Image: Kiran Mazumdar-Shaw; Photograph: Rediff Archives