"The Governing Council (GC) of TERI at its meeting held in Bangalore took a decision to appoint Ajay Mathur as the Director General of TERI," an official TERI release said.

"Mathur will take up his new responsibilities as soon as he is in a position to do so, subsequent to being relieved from his current responsibilities by the Government of India after a brief period of transition," it said.

The statement mentioned that Pachauri has led and built TERI over the last 34 years from a concept to a major, financially autonomous, professionally dynamic organization on the global stage. All efforts will be made to aid and assist Ajay Mathur in a smooth and expeditious transition as the latter assumes responsibility as TERI’s new chief executive.

"The GC is certain that the 1200 persons working for TERI in different parts of the world would welcome this development and extend all their support towards a smooth transition and ensuring that this unique Indian organization with a global presence and universal reach attains greater heights in the future," it added.

Noting that the interests of TERI and its talented staff are paramount, the statement said that the GC members also expressed deep confidence in their dedication and the leadership of the institute.

Mathur has worked in leadership positions in the World Bank in Washington DC, as Director, interim Secretariat, Green Climate Fund in Bonn and in the private sector in India. He took over as DG of BEE, where he has initiated and directed innovative programs, the statement said.

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