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Max India appoints SS Baijal as “Chairman Emeritus”

In his capacity as the ‘Chairman Emeritus’ of Max India, Dr. SS Baijal’s will act as a strategic advisor to the Company’s Board and to Mr. Analjit Singh, Chairman of Max India Group

September 08, 2009 12:01 IST | India Infoline News Service

Max India Ltd.announced the appointment of Dr. SS Baijal as the Chairman Emeritus of the company in recognition of his invaluable contribution to the Company’s affairs over the last two decades and the progress and success made by the Company during his tenure as a member on its Board of Directors.

In his capacity as the ‘Chairman Emeritus’ of Max India, Dr. SS Baijal’s will act as a strategic advisor to the Company’s Board and to Mr. Analjit Singh, Chairman of Max India Group. Dr. Baijal will continue to be a part of the company’s board meetings providing counsel and advice to the senior management team.

Dr, SS Baijal has been serving as a Non-executive Director of the Board for the past 21 years, since the company’s inception in 1988. He had played a decisive role in the formation of the company’s several successful joint ventures, such as Max New York Life Insurance Company Limited, Max Healthcare, etc. Dr. Baijal was also the Chairman of Max India from 1998 to 2000, prior to the appointment of the current Chairman, Mr. Analjit Singh. Dr. Baijal retired from his Board Membership on 6th Sept 09 after completion of the age of 80 years in compliance with the company’s Articles of Association

The appointment is in line with Max India’s recent Corporate Governance initiatives. As a part of its commitment to build highest trust levels in stakeholders and establishing a strong and active Board run Company, Max India has recently appointed a Vice Chairman and globally renowned domain experts on its various Group companies Boards.

Mr. Anuroop (Tony) Singh, joined Max India as Vice Chairman (Non- Executive). An experienced business leader and an independent member on the Board of several leading companies including Perot Systems, Max Healthcare and SOS Children's Villages of India. He was previously, CEO & Managing Director of Max New York Life since its inception in 2000.

Earlier, Anuroop was Country Head, India and Regional Head, Retail Banking, Middle East and South Asia, for ANZ Grindlays Bank. Noted economist Dr. Omkar Goswami has been appointed as an Independent Director on the Board of Max New York Life and Max Healthcare has appointed Dr. Ajit Singh as an Independent Director on its Board. Ms. Marielle Theron has been appointed as Non-Executive Director at Max New York Life. Ms. Theron, previously headed Business Development & Strategy, Asia, for Swiss Re Life & Health, a large global re-insurer. Additionally, Mr. Tony Coleman has been appointed as Business Advisor to the Group and a permanent invitee to the Max India board. He is currently Chairman of Enterprise & Financial risk committee of the International Actuarial Association.

Internationally acclaimed Management Guru, Prof. Ram Charan is to facilitate the strategic dimensions of the Group.

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