Indian-American Sangeet Chowfla to head GMAC
Updated: May 30, 2013 03:41:26pm
Chowfla who began his career in New Delhi with IBM, is a US citizen, currently residing in India.
He will move to Northern Virginia to take charge from David A Wilson. Having spent 18 years with Hewlett-Packard in positions in Europe, West Asia, Asia Pacific and the US, Chowfla will take charge as president in September-2013 and assume the CEO's role on January 1, 2014.
He left Timeline Partners in 2007 to become the chief strategy officer and executive vice-president of mobile services and global market units of Comviva Technologies, an Indian telecommunications software company.
"Sangeet Chowfla is just the kind of Chief Executive the GMAC board had in mind when we began our CEO search earlier this year," said James Bradford, outgoing Chairman of the board of GMAC and Dean and Ralph Owen Professor of Management at the Owen School of Management, Vanderbilt University.
"I know for myself that taking the GMAT exam and the opportunities it opened up for me were life-changing.
"I sought this opportunity because it has such great promise for leading a company with not only a great brand and a history of success, but also a company poised for greater success in the future. The Council-the work it does and the products it makes-has the potential every day to positively change someone’s life," said a media report quoting Chowfla.
"My job will be to take the strong foundation — GMAC 2.0, if you will — build on it, shape it for the future and establish a new, even stronger GMAC: GMAC 3.0. I am excited by the challenge and gratified that the board has chosen to entrust me with this great company, its terrific management team and its world-class staff," Chowfla added.
GMAC is a non-profit education organisation of the global graduate business schools and owns the GMAT exam, which is accepted by more than 5,500 graduate business and management programs in 110 plus nations across the world. (KNN)