At the meeting of the Board of Governors of IIM Bangalore held on February 11, the Chairperson, Mukesh D Ambani, expressed his decision to step down, IIM-B said in a release.
    
The Board, accordingly, appointed Kiran Mazumdar Shaw as the Chairperson of the IIM-B Board of Governors with effect from February 11, it added.
    
"Kiran Mazumdar Shaw, Chairman and Managing Director, Biocon Limited, has been a member of the IIM-B Board for the past several years. She is the first woman Chairperson of any IIM Board", it said.
    
She takes over from Mukesh D Ambani, who has been the Chairman of the Board for the last eight years. The Ministry of HRD has notified this change, it added.

(Agencies)

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