ICICI's Kochhar among 3 new directors on ISB board

Three new directors including private sector lender ICICI Bank CEO Chanda Kochhar and Citigroup South Asia head Mark Robinson have joined the board of Indian School of Business (ISB).

Apart from Kochhar and Robinson, Cognizant Technologies Vice Chairman Lakshmi Narayanan has joined the executive board of ISB, according to the information available with its website.

With these three new appointments, the tally of total number of directors on its executive board reached to 33.

According to an official of the B-school, the decision of appointing new members on its board was taken at ISB's board meeting held on January 8 in Mumbai.

ISB has not formally announced their appointments. However, it has already uploaded the name of these directors on its website.

"We will take some time to formally announce these new members on our board," the B-school official added.

ISB board has names such as ADAG Chairman Anil Ambani, NRI billionaire Lakshmi Mittal, Sunil Mittal of Bharti, Bajaj Auto Chairman Rahul Bajaj among others.

Yesterday, the company announced the appointment of Ajit Rangnekar as the Dean of the ISB for a term of five years, with immediate effect.

Anil Kumar, who pleaded guilty to fraud charges in insider trading case of Galleon, is understood to have resigned from the Hyderabad-based B-school's board.