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H R BULLETIN VOLUME 27
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HUMANE-R|VOLUME27
HR BULLETIN
Famous CEOs who quit in 2020 Some of the industry leaders took bold decisions to step down from their current role and some of them decided not to let go of this crisis as waste and started their entrepreneurial journey. In this article, you will read about the famous CEOs across the industries who have quit their jobs this year. This pandemic was tough for everyone and nobody was prepared for this. It was a troubling time for the employees, people managers, and especially the leaders. They were taken aback by this crisis and had to overcome all the huddles with flying colors. But during this pandemic, many top-level executives stepped down from their roles. Some of the industry leaders took bold decisions to step down from their current role and some of them decided not to let go of this crisis as waste and started their entrepreneurial journey. In this article, you will read about the famous CEOs across the industries who have quit their jobs this year.
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Ginni Rometty, IBM International Business Machines Corp or famously known as IBM’s Chief Executive Ginni Rometty stepped down in January. She is succeeded by Arvind Krishna, who heads the company’s cloud and cognitive-software division. Rometty retired from IBM after 40 years. She became IBM’s first female CEO in 2012 and had bet the company’s future on the market for a hybrid cloud. Ginni also established IBM as the model of responsible stewardship in the digital age. She was the industry’s leading voice on technology ethics and data stewardship, working relentlessly to safely usher new technologies into society.
Bob Iger, Disney One of the oldest leaders at Walt Disney Company, Bob Iger decided to step down from his role of CEO in February this year. Iger shared that with the successful launch of Disney's direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, he believed it was optimal time to transition to a new CEO.
Iger was associated with the company for the longest of time and has played a crucial role in its growth. He had succeeded Michael Eisner as CEO in 2005. During his tenure, he oversaw the acquisition of Marvel Studios, Pixar, and Lucasfilm, all of which produced films that shattered box office records. It was under his leadership that 21st Century Fox came into Disney's fold, resulting in a new roster of intellectual property for the nearly 100-year-old company. Jeff Weiner, LinkedIn After working with the company for 11 years, Jeff Weiner has stepped down from his role in February. He moved into the position of executive chairman within the company. His successor is Ryan Roslansky, former senior vice president of product. Roslansky assumed his position as CEO on June 1. Under his leadership, the company has grown from 338 to more than 16,000 employees in over 30 offices around the world, the membership base has increased from 33 million to nearly 675 million members, while revenue has increased from $78 Mn to more than $7.5 Bn in the trailing twelve months. Jeff guided LinkedIn through its IPO in 2011 and the acquisition by Microsoft in 2016. Keith Block, Salesforce In February, Salesforce announced that Keith Block has stepped down as co-CEO of Salesforce and Marc Benioff is Chair and CEO of the company. Block remained as an advisor to the CEO. Block stepped into the co-CEO role in 2018, after a long career at the company that saw him becoming vice chairman, president and director before he took the CEO’s position. Sharing his stint with the company, he said it was a fantastic run he is ready for the next chapter and will stay close to the company as an advisor.
Read more at: Article: Famous CEOs who quit in 2020 — People Matters
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The 2021 BFSI workforce needs an upgrade of fintech The need for skill upgrades in the tech space gets intensified in light of the possibility that failing to bridge the skill gap can make BFSI companies suffer from a shortage of tech-efficient midcareer professionals who are competent to work alongside new-age Fintech digital transformation. To cope up with the changing times many academic institutes are offering customised talent development programs for probationary officers, assistant managers, sales & customer relationship managers, and leadership development in the BFSI sector. These courses or programs are designed to equip the BFSI workforce with Fintech-driven competencies necessary for coping with reformed operational roles in the new-age banking system and financial institutions. A new wave of tech-based job roles is sweeping the BFSI sector—Is the workforce geared up with relevant skills? The fintech revolution is sweeping the BFSI sector, as revealed by ‘Research and Markets’ in a report that says as of March 2020, India, along with China, has accounted for the highest fintech adoption rate (87 percent). This rapid adoption of fintech in operational roles may lead to a skill gap if the BFSI workforce is not empowered with an equivalent and relevant skill upgrade. This risk of skill gap can be gauged by considering the estimates made by The National Skill Development Corporation (NSDC), which states that by 2022, the BFSI sector in India is likely to create 1.6 million jobs; 20% of these would be new opportunities, and around 50% would comprise existing job roles but will require upgraded skills for adapting to the tech-based practices in BFSI sector. Agreeing that there is an upsurge in the new wave of tech-based job roles in the BFSI sector, E. A. Kshirsagar, a Fellow Member of the Institutes of Chartered Accountants (England, Wales and India) and Board Member of Manipal Global Education Services, said that the BFSI workforce needs an upgrade of Fintech by 2021. Skill gap can limit the BFSI workforce’s capacity to handle tech-driven roles..
Read more at: Blog: The 2021 BFSI workforce needs an upgrade of fintech — People Matters
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Post-Covid, re-skilling will be in focus at IT industry: Capgemini India CEO 'The Future of Work will see an enhanced focus on employee wellbeing, employee engagements, more emphasis on training and reskilling in the coming year,' says Ashwin Yardi Capgemini India CEO on Wednesday said in the post-Covid world, the IT organisations will have "an enhanced focus on employee wellbeing, employee engagements, more emphasis on training and reskilling in the coming year". "In the Next Normal, organisations will have to adopt digital led business models to address the evolving needs of the customers and new supply chain models. Long-term strategy planning will have to be complemented with agility of execution. Enterprises will need to reimagine their strategy across customer and people and technology will be at the heart of this strategy planning and decision making. The pandemic has cemented technology’s role at the heart of transformation," said Ashwin Yardi, CEO, India, Capgemini. COVID-19 may have thrown curveballs this year but the $191 billion-Indian IT sector has shown resilience and 2021 promises more growth opportunities as digital spends go up to tackle the challenges amid the 'new normal', reported PTI on Tuesday. Rapid rise in coronavirus cases at the beginning of the year led to governments enforcing lockdowns in various countries, including India. This posed twin challenges for Indian IT firms -- how to ensure business continuity for customers and how to ensure safety of their own staff. "2020 has been a year of a lot of change and uncertainty... (but) technology is no more being seen as just an enabler, it has become much more integral. "We were able to transition to a new hybrid operating model with very less downtime for our global customers that has enormously proven the capability of the Indian IT industry," Nasscom Senior Vice-President and Chief Strategy Officer Sangeeta Gupta told PTI‌
Read more at: Post-Covid, re-skilling will be in focus at IT industry: Capgemini India CEO (livemint.com)
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Yes Bank elevates Niranjan Banodkar as CFO, Adlakha as HR head In an exchange filing, Yes Bank said these appointments were approved by the board, on the recommendation of the nomination and remuneration committee and also of the audit committee. Yes Bank, which was rescued by the Reserve Bank in March after a huge run-on, on Wednesday promoted two key senior management personnel as the chief financial officer and head of human resources. The bank, now majority-owned by State Bank of India, has promoted Niranjan Banodkar as the group Chief Financial Officer(CFO) and Anurag Adlakha as the group Chief Human Resources Officer. In an exchange filing, Yes Bank said these appointments were approved by the board, on the recommendation of the nomination and remuneration committee and also of the audit committee. New HR head replaces Deodutta Kurane, who will be retiring from the bank soon, it said adding both the appointments will be effective January 1. Banodkar is also designated as a key managerial personnel authorized for determining materiality of an event or information for making disclosures to stock exchanges, it added. Niranjan joined the bank in April 2006 and was heading its market risk division prior to this elevation. He also headed the financial & investor strategyin banking and is currently responsible for strategy & planning. He joined the bank in April 2006 and had started banking career with Bank of Bahrain & Kuwait. He also had a brief stint with E&Y India. Prashant Kumar, MD&CEO, Yes Bank said, "A bank's Human Resources are its most valuable assets and as we look to further strengthen our people related policies and practices, I am pleased that Anurag Adlakha will be leading this transformation at YES Bank.“
Being a seasoned banker for over two decades, Adlakha has also had a ringside view of the developments at the bank over the past year and a half, he said‌
Read more at: Yes Bank | Niranjan Banodkar: Yes Bank elevates Niranjan Banodkar as CFO, Adlakha as HR head (indiatimes.com)
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Sandip Ghose joins eXlygenze SenseWorks as Mentor & Chairman He has embarked on an independent journey after leaving MP Birla Cement in September 2020, where he had served as the COO. Sandip Ghose has joined as Mentor and Chairman of eXlygenze SenseWorks, a Mumbai-based startup whose journey began in the early months of 2020. The Company is built to bring the best out of individuals, teams and organizations. From digital technology and behavioral neuroscience to gamification, data analytics and organizational development, the organization strive to make a meaningful impact to unlock the potential of individuals to magnify growth for large organizations, MSMEs and schools. He has embarked on an independent journey after leaving MP Birla Cement in September 2020, where he had served as the COO. With expertise in corporate advisory, mentorship, and coaching, he actively works with the non-profit sector as a way of giving back to society. Backed by his deep understanding of the corporate industry, Ghose will guide eXlygenze with its market strategy. Ghose is an experienced business leader with multidisciplinary experience in companies, such as Unilever, Lafarge, and ABP Group. Alongside, he founded his own firm — StratTG— in October 2020, focussing on growth, transformation, and marketing in multiple roles. He also occasionally serves at the Centre for Public Policy Research (CPPR), a national Policy Think Tank based in Kochi and Inversion Management Services as their strategic advisor. As the chief operating officer, Birla Corporation, the flagship company of the MP Birla Group, he played a pivotal part in making it one of the best-performing cement companies in the mid-cap segment. He qualified as a chartered accountant with the All India Merit Rank, after completing his article training with Ernst & Young (S R Batliboi & Co) and CA internship with ITC. He joined Hindustan Lever..
Read more at: News: News: Sandip Ghose joins eXlygenze SenseWorks as Mentor & Chairman — People Matters
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