Article: Charles R. Kaye to Assume Chairmanship of U.S.-India Business Council; Co-President of Warburg Pincus to Succeed Rajat Gupta, McKinsey & Company's Senior Partner Worldwide, as USIBC's Next Chairman.

WASHINGTON, Feb. 22 /PRNewswire/ -- The U.S.-India Business Council, a membership organization comprised of the top 125 U.S. companies investing in India, today announced the election of Charles R. ("Chip") Kaye as the Chairman of the Board of Directors of the USIBC.

Mr. Kaye is Co-President of Warburg Pincus LLC, a leading global private equity firm with substantial investments in India. His tenure as Chairman of the U.S.-India Business Council commences June 1, 2005 for a three year term.

USIBC's current Chairman and Senior Partner Worldwide at McKinsey & Co., Rajat Gupta, commented on the appointment, saying: " Chip's hands-on knowledge of India, ...

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