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Three CEOs decide to resign
Three CEOs Decide to Resign. On Friday, three top-level companies informed stock exchanges that their chief executives had resigned from their positions.
On Friday, three top-level companies informed stock exchanges that their chief executives had resigned from their positions.
The three companies are Cairn India, Heidelberg Cement India and Jet Airways. While the first, Cairn India, said its CEO quit for “personal reasons”, the other companies did not cite any reasons for their resignations.
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The Cairn India board said it had accepted the resignation of P Elango, interim CEO and whole-time director, and that Sudhir Mathur, CFO, has assumed the additional responsibility of the CEO, leading the organization in the interim.
HeidelbergCement India said that Ashish Guha, its CEO and Managing Director, had notified the board and that he had tendered his resignation to the company. The board accepted his resignation, but requested him to continue until a successor was appointed.
Jet Airways released a statement that their CFO and acting CEO, Ravishankar Gopalakrishnan, resigned with effect from Friday.
In the last few months, there has been a series of exits by top-level executives, including Manoj Vaish as the Multi Commodity Exchange of India MD, Sanjay Kapoor as the chief executive for India and South Asia at Bharti Airtel, Sanjay Aggarwal for Kingfisher Airlines and Vinita Bali from Britannia. Infosys released a statement that its CEO, SD Shibubal would quit by January 2015.
