New Delhi, Apr.30 : Mr K Vaman Kamath, Managing Director and CEO, ICICI Bank has been elected as the President of CII for the year 2008-09. He will assume office on May 1. He succeeds Sunil Bharti Mittal as the new CII President.
Kamath, who heads India's second largest bank in terms of assets, started his career in 1971 at ICICI. In 1988, he moved to the Asian Development Bank and spent several years in South-East Asia before returning to ICICI as its CEO in 1996. Over the next few years, the ICICI Group transformed itself into a diversified, technology-driven financial services group, that has leadership positions across banking, insurance and asset management in India, and a growing international presence.
Kamath was conferred with the Padma Bhushan, one of India's highest civilian honours, in 2008. He was named "Businessman of the Year" by Forbes Asia and The Economic Times' "Business Leader of the Year" in 2007, the Asian Banker's Leadership Achievement Award for the Asia Pacific and Gulf region for 2007 amongst several other awards.
Kamath has also been conferred with an honorary PhD by the Banaras Hindu University.
He was the Vice President of CII during 2007-08 and member of the boards of the Indian Institute of Management, Ahmedabad and the Manipal University.
Kamath holds a Degree in Mechanical Engineering and a Master's Degree in Business Administration from the Indian Institute of Management, Ahmedabad.
Mr Venu Srinivasan, Managing Director, Sundaram-Clayton Ltd has been elected as the Vice President of CII for the year 2008-09
Mr Srinivasan is the Honorary Consul General of Republic of Korea, Chennai and is a Member of the Prime Minister's Council on Trade and Industry. He also held positions as President of Automotive Research Association of India and President, Society of Indian Automobile Manufacturers.
Mr Srinivasan was chosen as a 'Star of Asia' by the Business Week International, along with the Chairman of Toyota, Japan. He was the first Indian industrialist to be conferred with the honorary "doctorate degree in science" by the University of Warwick, U.K. for excellence in manufacturing and contribution in the field of technology and R and D. He also received the Jamshetji Tata Life Time Achievement Award for the year 2004 by the Indian Society for Quality.
Both Sundaram-Clayton Ltd and TVS Motor Company have been awarded the prestigious Deming Prize by the Union of Japanese Scientists and Engineers (JUSE), Japan.
He holds a Bachelor's Degree of Engineering from Madras University and a Masters Degree in Management from Purdue University, U.S.A.