Biocon Chief Kiran Mazumdar Shaw elected to MIT Board as full term member

Bengaluru: IT major Biocon Ltd Chairperson and Managing Director Kiran Mazumdar-Shaw, has been elected as a full-term member of the Board of trustees of the Massachusetts Institute of Technology (MIT).

She is among the eight full-term members who will each serve a term of five years starting July 1, according to a Biocon release here on Thursday.

Commenting on her election, Ms Kiran Mazumdar-Shaw said, “I am truly honoured to be elected as a full-time member of the board of trustees of MIT and look forward to contributing to this venerable institution's continuous journey of making a meaningful difference in solving various challenges of the world. It is inspiring to be a part of this premiere research university, which is engaged in advancing knowledge, leveraging science and technology to address fundamental human needs for food, shelter, energy, transportation and social harmony.”

Members are proposed by the Membership Committee and elected every year by the Corporation as a whole. The Membership Committee solicits nominations from members of the Corporation itself, from the Alumni/ae Association, and from the wider world of academia, government, and business. Because of the term system used by the Corporation, about eight positions open up each year.