Indian education company Allen Career Institute has appointed Nitin Kukreja as its new chief executive officer while the New Zealand government’s NZ Superannuation Fund’s chief executive officer Matt Whineray will step down from his post this year.
Allen appoints new CEO
Indian education company Allen Career Institute has appointed Nitin Kukreja as its new chief executive officer, according to a company statement.
Nitin Kukreja has over two decades of experience in leadership, strategy and investing roles
across various sectors. In his last role, he was the managing director of Marigold Park Capital
Advisors, leading investments in consumer-tech companies. Prior to that, he was CEO of Star Sports.
In his new role, he will lead Allen’s vision of delivering a digital-first consumer experience at scale and expanding the education company’s reach from 3 lakh to 2.5 crore students, per a release.
Founded in 1988, Allen Career Institute offers tutoring for entry-level competitive exams in medicine and engineering. Allen has a pan-India base with more than 200 classroom centres in 53 cities, including coaching, distance learning, online tests and study material.
In May last year, Bodhi Tree Systems, a James Murdoch and former Disney executive Uday Shankar-founded investment platform, announced picking up a $ 600-million stake in Allen Career Institute.
The deal reportedly valued Kota-headquartered Allen at over $1 billion.
NZ Super Fund’s CEO to step down
New Zealand government’s NZ Superannuation Fund chief executive officer Matt Whineray will step down from his role this year, according to his LinkedIn post.
Whineray, who has been with the fund for 15 years, will be working with the Board through the transition period and intends to pursue interests in the sustainable finance space.
“I am so pleased to have been part of the team that has built the Guardians into a world-class asset owner, recognised globally for its strong investment performance, a leading approach to ESG, reporting, and transparency,” per his LinkedIn post yesterday.
Launched in 2001, NZ Super Fund is managed by a Crown entity, the Guardians of New Zealand Superannuation. The Fund has around NZ$40 billion in assets, including $6 billion invested in New Zealand.
The Fund committed $100 million to Wellington Management’s Climate Innovation Fund I (CIF), which focuses on climate change mitigation and adaptation. NZ Super Fund made similar investments in Fifth Wall Climate Technology Fund and Generation Investment Management’s Sustainable Fund IV.