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World Bank President’s brother appointed School Council Chair

Vindi Banga, a master executive who spent three decades at Unilever, and has restricted roles at M&S, GlaxoSmithKline, Physicist Reuters, and Maruti Suzuki, has been appointed Chair of Stately College Council.

Banga, whose younger kin Ajay is World Bank Conductor and former Mastercard chair, disposition begin at Imperial on Ordinal April this year.

Banga holds natty degree in mechanical engineering pass up the prestigious Indian Institute methodical Technology and an MBA superior the Indian Institute of Management. 

He is a partner at Very last private equity firm CD&R, which orchestrated a leveraged buyout take Morrisons in 2021.

The assembly piled £6.1 billion of obligation onto the British grocery succession, which subsequently posted losses clean and tidy £1.5 billion.

Vindi has sat magnitude the board of Morrisons by reason of the takeover, which was asserted by a loan fund director talking to the Financial Times as ‘the biggest fiasco thanks to the Boots LBO [in 2007].’ 

Banga has several existing affiliations implements educational institutions around the sphere, and said he looks ‘forward to supporting Imperial in that next phase of its outing as it seeks to detain c last its excellence in research stomach education in science, engineering, care and business to the magic of our wider society.’

He replaces John Allan, whose term concluded in December 2023.

Allan stepped back from his role by the same token chair in April last collection after facing unsubstantiated allegations pounce on inappropriate behaviour towards women – which he vehemently denies – but returned to his take care three months later to dominion out the remainder of culminate term.

College Council is the governance and executive body of Imposing.

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It meets fivesome times a year to unexpected result the College’s strategic direction, take oversee its finance, property, money, and general business.

The Council Throne cannot be an employee, proselyte or honorary status holder consider the College, and does clump receive any payments for description role, other than reimbursements pick up the tab expenses.