Ashish Nanda has resigned as Director of India’s top B-school, Indian Institute of Management, Ahmedabad. Kumar Mangalam Birla, Chairman, Board of Governors, IIM-A, has accepted his resignation. Nanda will continue till September 1, when the fourth year of his five-year term is completed.
In a letter to the IIM-A community, Nanda, a 1983 batch alumnus of IIM-A, who had moved from Harvard, said, “When I joined, I had committed to serving at most one term. On September 1, it will be four years, to the day, 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 responsibilities of director at the end of that day.”
Nanda said that IIM-A has a committed and enthusiastic chairman providing vision and guidance, a wise and engaged board, faculty that is productive and energised, staff that is loyal and devoted, brilliant and hardworking students, a diaspora of alumni committed to the Institute’s long term success, governmental support for operating autonomously to achieve its dreams, and industry that respects and values the Institute. “This is as good a time as any for leadership transition at the Institute,” he said.
He added that while professionally he has enjoyed the experience immensely and learned a lot, it was, personally, living a long distance from his wife and son, who are in the US, been a challenge.
Chairman Birla, in a letter to Nanda, released to the media, said, “In the few months that we have worked together, I have seen your unwavering commitment to IIM-A and the passion and zeal with which you have worked for its holistic progress. You have done a wonderful job in the past three-and-a-half years that you have been heading the Institute, and I am sure that you will remain engaged with the Institute in the future as well.”