Raghuram Rajan takes over as governor of the Reserve Bank of India in a difficult time. But the 50-year-old former IMF chief economist has already had a taste of working with the government: He was Chief Economic Advisor in the finance ministry under P Chidambaram. His move to the RBI means North Block will have a friend in place on Mint Street-at least for a while.
Other developments in the industry include the elevation of Sameer Suneja. Suneja, 41, will be the global CEO of Italian confectionery giant Perfetti van Melle from October 1. Suneja will report to the board of directors in Breda, Netherlands, where he is currently global executive vice president, innovation and business development. Earlier, Suneja was MD of Perfetti's India business for four years.
Meanwhile, steel industry veteran Sanak Mishra, CEO, Greenfield Projects, has quit ArcelorMittal. Like his predecessors in the company, Mishra, 68, also came from Steel Authority of India Limited. He was MD of the PSU's Rourkela plant. Mishra is rumoured to be joining Essar Steel.
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