The Executive Board of the Indian School of Business (ISB) confirmed the appointment of Ajit Rangnekar as the Dean of the ISB for a term of five years, with immediate effect. At the Executive Board meeting in Mumbai on Friday, January 8, 2010, there was unanimous support for naming Rangnekar as the new Dean. Several candidates were reviewed for the position of the Dean ever since it fell vacant in January 2009. The Executive Board, based on the recommendations of the Dean Search committee, and extensive discussions with the faculty, students, alumni, partner schools, and other key stakeholders, found Ajit Rangnekar to be the best suited for the job.

Speaking on his appointment, Ajit Rangnekar, Dean, ISB, said 'I have always been passionate about the ISB and its vision, and am proud to have been a part of its growth over the years. It is indeed an honour to be entrusted with the responsibility of leading the school in the next phase of its growth. In the coming years, we will continue to strengthen our faculty pool, enhance our research capabilities, and focus extensively on making ISB the best in the world on issues of fast emerging economies. In this journey, I am grateful to have the continued support of the entire ISB community.' Ajit Rangnekar has a background spanning over thirty years in Consulting and Industry, across different countries in Asia. Prior to being formally appointed the Dean, he was the Deputy Dean of the school from March 2003 to January 2009. Before joining the ISB, he was the Country Head, first for Price Waterhouse Consulting and then for PwC Consulting, in Hong Kong and the Philippines. He was head of the Telecom and Entertainment Industry Consulting practice for PwC in East Asia (China to Indonesia). Rangnekar completed his undergraduate degree from the Indian Institute of Technology, Mumbai, and Post Graduation in Management from the Indian Institute of Management, Ahmedabad.