New Delhi: IIM-Ahmedabad director Ashish Nanda has stepped down citing personal reasons, more than a year before his tenure was to end.
Kumar Mangalam Birla, the chairman of the Board of Governors of the prestigious Indian Institute of Management (IIM), Ahmedabad, has accepted Nanda's resignation and requested him to continue till September to facilitate a smooth transition.
Nanda, a 1983-batch alumnus of IIM-A, took charge of the top post in September 2013 and his tenure was slated to end next year.
He had quit his post at Harvard Law School to return to India and his alma mater, after more than 20 years.
"When I joined, I had committed to serve the term. On September 1, it will be four years, since I took charge.
"Professionally, I have enjoyed the experience immensely and I have learnt a lot. However, personally, living a long long distance from my wife and son has been a challenge," he added.
Birla, the chairman of the Aditya Birla Group, thanked Nanda for leading the institute for three-and-a-half years.
"I have received your resignation dated April 26. We have had a conversation about this for the past couple of weeks, and I fully understand your need to be with family and the inconvenience that the separation is causing you. Hence, I accept your resignation, albeit with regret," said Birla in his letter to Nanda today.
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