Director of the prestigious Indian Institute of Management (IIM) Ahmedabad, Ashish Nanda has resigned from his post citing some personal issues. Nanda has stepped down from his post more than a year before his tenure was scheduled to end. As per a report published by PTI, the chairman of the Board of Governors, IIM-A Kumar Mangalam Birla has accepted his resignation, but has asked him to continue still September to find a suitable replacement.
A 1983 batch alumnus of IIM-A, Nanda took charge of the top post in September 2013 and his tenure was slated to end in 2018. After leaving his post at the Harvard University, Nanda decided to return to India and his alma mater after living abroad for around 20 years.
Soon after the acceptance of his resignation, Nanda issued a letter to the IIM-A community. He wrote: “When I joined, I had committed to serve the term. On September 1, it will be four years, since I took charge.”
“It is a good time to step aside and to hand over the responsibility and honour of leading the institute to the next, fortunate person. I will hand over the responsibilities of the director at the end of that day,” the letter stated further.
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Born in New Delhi, the IIM-A incumbent director is married to Subha Nanda, who is a professor of Tufts Dental School, Boston. He has Ph.D. in Business Economics (Harvard), AM in Economics (Harvard), Post Graduate Diploma in Management (IIM Ahmedabad), and B.Tech. in Electrical Engineering (IIT Delhi).
Nanda has also received various awards and recognitions including IIT Delhi Distinguished Alumni Award, Henry B. Arthur Fellowship, President of India Gold Medal (twice), and IIMA Director’s Gold Medal.
In 2016, he was also crowned as Distinguished Global Thinker Award by IILM.