BSE to announce new CEO on Monday | business | Hindustan Times
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BSE to announce new CEO on Monday

business Updated: May 09, 2009 19:45 IST

The Bombay Stock Exchange (BSE) will announce on Monday the name of its new Chief Executive Officer (CEO), amid speculations that former NYSE Managing Director Madhu Kannan could be named for the post.

"We will announce the name of the new CEO on Monday," the BSE's Chairman Jagdish Capoor told reporters here after the board meeting on Saturday.

Madhu Kannan, former Managing Director of the New York Stock Exchange (NYSE) and presently Managing Director (Corporate Strategy) at Bank of America-Merrill Lynch, is believed to be a strong contender for the post.

When asked if Kannan would take over as CEO, he said declined to reveal the name.
Asked about other issues discussed at the Board meeting, Capoor said routine administrative matters were discussed.

The BSE, Asia's oldest bourse, has been without a full-time CEO ever since Rajnikant Patel resigned as Managing Director abruptly in August last year due to differences over management issues. BSE COO Mahesh Soneji has been looking after the routine affairs of the exchange since then.