Ramadorai is new BSE chairman

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The Bombay Stock Exchange (BSE) today appointed Tata Consultancy Services (TCS)     Vice-Chairman S Ramadorai as the chairman of the bourse.

The decision to appoint Ramadorai as chairman was taken at a BSE board meeting held here. Currently, the BSE board has 10 members, including Managing Director Madhu Kannan.
Ramadorai, who has also been inducted as a board member, attended today's meeting.
Serving as the vice-chairman of TCS, Ramadorai has been associated with the IT major for the past 37 years.
Last week, Jagdish Capoor resigned from the post of non-executive chairman as well as from the board of BSE on health grounds.
Ramadorai took over as the CEO of TCS in 1996 and has been instrumental in building TCS to a $6-billion company.