Kiran Mazumdar-Shaw is the new chairperson of IIM-B

India`s biotechnology queen Kiran Mazumdar-Shaw is the new chairperson of the prestigious Indian Institute of Management-Bangalore (IIM-B) as incumbent Mukesh Ambani of Reliance Industries stepped down.

IANS| Last Updated: Feb 19, 2014, 11:43 AM IST

Bangalore: India`s biotechnology queen Kiran Mazumdar-Shaw is the new chairperson of the prestigious Indian Institute of Management-Bangalore (IIM-B) as incumbent Mukesh Ambani of Reliance Industries stepped down.

"The Union Human Resources Development ministry has ratified late Tuesday the appointment of Shaw as the chairperson of the institute`s board of governors in place of Ambani," a spokesperson told IANS here Wednesday.

As the country`s biotech pioneer, 60-year old Shaw is chairperson of Biocon Ltd, an integrated healthcare firm, delivering bio-pharmaceutical solutions.

Ambani, who has been spearheading the institute since 2005, was re-appointed in 2010 as chairman of the institute`s board till 2015.

Ambani conveyed his decision to withdraw from the post at a board meeting here Feb 11.