New Delhi: The Indian School of Business (ISB) on Friday named Rajendra Srivastava, deputy president (academic affairs) of Singapore Management University (SMU), as its new dean.

Srivastava will succeed Ajit Rangnekar effective 1 January 2016 and lead ISB “through its next phase of growth" to strengthen its position further globally, the B-school announced.

ISB has two campuses, in Hyderabad and Mohali, and is seen as equal to state-run Indian Institutes of Management (IIMs) in stature despite being a private management school.

After IIM-Ahmedabad and IIM-Bangalore, it is the third leading Indian B-school to hire its director or dean from a foreign school. ISB’s dean is of the same rank as an IIM director.

“Professor Rajendra Srivastava’s appointment as the new dean of ISB marks a significant step towards ISB’s mission of consolidating and strengthening its position as a world-class business school. I wish him success with the confidence that ISB will achieve new heights of success in the years to come," said Adi Godrej, chairman of the ISB Board and chairman of the Godrej Group.

Srivastava comes with an over 30 years’ experience as an academic and administrator. Before joining SMU, he held distinguished research chairs and senior management positions at the University of Texas at Austin and Emory University in Atlanta. He is a an MBA and PhD (business administration) from the University of Pittsburgh, an MS in industrial engineering from the University of Rhode Island and a B.Tech (mechanical engineering) from the Indian Institute of Technology, Kanpur. He is an expert in brand strategy, business model innovation and marketing metrics.

According to Pramath Raj Sinha, chair of ISB’s Dean Search Committee, the mandate was to identify and recruit an international academician capable of integrating research, education and practice with the proven ability to build and manage a high-quality academic institution.

Srivastava said he would work with “corporate and academic partners in developing ISB into a premier institution known globally for insights related to emerging markets, especially India and the rest of Asia".

In its statement, ISB said he would focus on “balanced excellence" or the integration of research, education and practice as well as a balance between thought leadership from the East and West".

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