McDonald’s Corp. has fired its CEO, Steve Easterbrook, for having a relationship with an employee. In a statement, the company announced that the McDonald’s Board has determined that Easterbrook violated company policy related to workplace relationships, and demonstrated poor judgment. Steve was involved in a consensual relationship with an employee. McDonald’s company policy does not…
Hindustan Media Ventures Ltd. (HMVL), has announced the appointment of Samudra Bhattacharya. His appointment is effective 1st Nov 2019. Samudra, will take over as CEO, from Rajeev Beotra who will move to a new role within the organisation. Earlier, in Oct 2019, there have been reports of Rajeev Beotra being elevated to the position of…
Shriniwas Kargutkar, the Chief Financial Officer at Welspun Enterprises Ltd., since 2015, retires today. His retirement is on account of completion of superannuation as per the HR policy of the company. The announcement was made by the company in their statement to BSE. The Company is in the process of identifying suitable candidates for filling…
After nearly 15 years with the global network, Vikas Mehta, CEO of Mullen Lintas, has decided to move on from MullenLowe Lintas Group. Virat Tandon, Group CEO, MullenLowe Lintas Group mentioned in media statement that “Vikas has been a dear colleague and a valuable leader for Lintas. Over the last 7 years in India and…
S Balasubramanian, has resigned as the CFO for Bharti Infratel. A Bharti venteran of over 15 years, he had taken over as CFO for Bharti Infratel, in August 2018. Earlier he was Business Head – Post Merger Integration, at Bharti Airtel, and was responsible for the complete integration of Telenor with Airtel – including –…
After eight years of association with the start-up, Urban Ladder’s co-founder Rajiv Srivatsa has resigned from his role as the Chief Technology and Product Officer for the company. He had co-founded Urban Ladder with his B-school batchmate Ashish Goel. While Rajiv would move out from his day to day role, in his statement on Linkedin…
StoveKraft, the Sequoia backed, kitchen appliances company, has appointed Rajiv Mehta as its Chief Executive Officer (CEO). Rajiv, is a seasoned retail professional and has had senior and leadership level stints with some leading brands. He has earlier been with Puma as the Managing Director, and Arvind Fashion Brands Ltd & Arvind Sports Lifestyle Ltd…
Former Jet Airways chief executive Vinay Dube has joined GoAir in an advisory role. GoAir is an Indian low-cost airline based in Mumbai, India. It is owned by the Indian business conglomerate Wadia Group. Dube had exited Jet Airways, earlier in May 2019, almost a month after the airline ceased operations due to severe liquidity…
HT Media has appointed Samudra Bhattacharya as the new CEO for it’s print business. He will be responsible for the print business and coordination across all functions in the print business. In this role, Samudra will report to HT Media MD and CEO Praveen Someshwar. An alumnus of Indian Institute of Management, Lucknow, Bhattacharya had…
Nissan Motor Co., Ltd. has appointed current Nissan Senior Vice President and President of Dongfeng Motor Co, Ltd. Makoto Uchida as representative executive officer and chief executive officer of Nissan. In addition, the board appointed current Mitsubishi Motors Corporation Chief Operating Officer Ashwani Gupta as representative executive officer and chief operating officer of Nissan. Nissan…
WeWork India plans to raise $200 million to expand the India business. As of now, WeWork India has 26 operational coworking centres with 46,000 seating capacity. The company is looking at increasing its capacity to one Lakh seats. Bangalore-based Embassy Group holds the franchise rights to WeWork India and holds about 80% stake in the…
DB Corp (DBCL), India’s largest print media company and home to flagship newspapers, Dainik Bhaskar, Divya Bhaskar, Divya Marathi, appointed Pathik Shah as the Chief Executive Officer for DB Digital, its digital products business. Pathik will be responsible for driving the digital business at Dainik Bhaskar. Prior to joining Dainik Bhaskar, Pathik was associated with…
Rockwell Automation Inc. has announced a senior leadership transition in its Operations and Engineering services. Rockwell Automation Inc. headquartered in Milwaukee, Wis. is one of the leading businesses in the field of industrial automation and information. Ernest Nicolas, currently vice president, global supply chain, has been promoted to senior vice president, Operations & Engineering Services,…
Jindal Steel and Power Ltd (JSPL) on Wednesday announced the appointment of Sudhanshu Saraf as Chief Executive Officer of its steel business with immediate effect. His appointment comes a day after the company announced the elevation of Naushad Akhter Ansari from his previous position as CEO (steel business) to Joint Managing Director of JSPL. “We welcome…
Gajendra Chandel, President and CHRO at Tata Motors Ltd, has decided to move on from Tata Motors after serving the firm for 14 long years. “Gajendra Chandel has decided to move on from his role at Tata Motors … to pursue his entrepreneurial interests,” a Tata Motors spokesperson said an email response to ET’s queries. Chandel…