Anjali Bansal quits SpencerStuart, company identifies internal successor

MUMBAI: SpencerStuart's India chief executive Anjali Bansal has resigned from her position and her responsibilities are being handled by Mike Bruce, a retired senior partner who has been running the operations at the headhunting firm for the past few months according to people aware of the development.
Bansal, who joined the company in late 2005, helped set up its first office a year later in Mumbai

Bansal did not respond to an email query sent by ET in this regard, but the people quoted earlier said she's actively considering some high-profile C level options outside the search business.

Meanwhile, the company has identified an internal successor to take over from Bruce they added.

“Anjali has been a committed partner, we will find ways to extend our friendship in new directions,“ Bruce said.

Having completed many marquee CEO and board-level search assignments, one of Bansal's top achievements was setting up the board practice for SpencerStuart which went on to become the go-to destination for most big Indian conglomerates and MNCs.

Bansal, who co-led the firm's Asia Pacific board's practice, also sits on the boards of footwear brand Bata, healthcare major GSK, Tata's white goods company Voltas and advisory board of Columbia University Global Centers. SpencerStuart had offered Bansal a global partnership in 2008.

SpencerStuart has successfully utilised the services of India Inc's top leaders to strategise, and eminent leaders like ICICI's former chairman N Vaghul, McKinsey's ex-CEO Anupam Puri and Nasscom's ex-CEO Kiran Karnik sit on the firm's advisory council.Under the chairmanship of Deepak Parekh, SpencerStuart along with The Economic Times created India's leading leadership listing of young business leaders.