Microfinance Institutions Network (MFIN), the premier industry association and Self-Regulatory Organization (SRO) for the microfinance industry in India today announced the election of Mr Devesh Sachdev, Founder and CEO, Fusion Microfinance, as the Chairperson and Mr Prashant Thakker, Executive Director and CEO, Centrum Microcredit, as Vice-Chairperson of the Governing Board. Devesh Sachdev succeeds Manoj Kumar Nambiar, who served as the Chair of the Governing Board for the last two years, and retires from the MFIN Board after completing his 3-year stint. Mr Sachdev has moved up from being the Vice-Chair of MFIN.