Lazada Group, Southeast Asia’s leading eCommerce firm, has announced, as part of succession planning in the group, that its Executive President Pierre Poignant will succeed Lucy Peng as Chief Executive Officer of Lazada Group with immediate effect. Peng will remain Lazada Group Executive Chairwoman. Poignant, who was appointed Group Executive President in August 2018, will…
According to media reports, Harsh Rai, VP and General Manager of Sales, PepsiCo has resigned from his post, ending his long association (almost 17 years) with the company. Ajit Dheer, the current Managing Director of NourishCo, the joint venture between Tata- PepsiCo, will be succeeding Harsh Rai. A PepsiCo India spokesperson confirmed the development to ET.…
The Chief Executive Officer of Myntra, Ananth Narayanan has stepped down from his post according to a Mint article. Myntra’s chief executive officer (CEO) Ananth Narayanan has resigned from his role with his position set to be abolished, and Flipkart executive Amar Nagaram has been tasked with heading Myntra, Mint reported. Myntra’s chief revenue officer, Mithun…
Citing personal reasons Reserve Bank of India Governor, Urjit Patel has stepped down from his post. Patel, 55, took over as the 24th Governor of the central bank on September 5, 2016, for a term of three years. He had the shortest tenure since the year 1992. “On account of personal reasons, I have decided to step…
The drug company, Novartis India has announced that its India Managing Director and Chairman, Milan Paleja has resigned and has decided to step down from the company, with effect from May 31, 2019. “We wish to inform you that, Mr Milan Paleja, Vice Chairman & Managing Director of the Company has informed the Board of…
AXIS Capital Holdings Limited, the holding company for AXIS group of companies announced that its MD & CEO Dharmesh Mehta has stepped down. The bank also said that it has elevated Salil Pitale and Chirag Negandhi as Joint Managing Directors and Co-Chief Executive Officer with immediate effect. “Dharmesh Mehta, MD & CEO of Axis Capital today…
Unilever, the British-Dutch transnational consumer goods company’s chief executive Paul Polman will step down in January, after serving the firm for 10 years. Polman is stepping down after he lost a bruising fight with shareholders over his plan to move the company’s headquarters out of the United Kingdom. The company which owns iconic brands like Marmite,…
Lupin Limited the transnational pharmaceutical company based in Mumbai, announced the exit of the company’s Chief Financial Officer, Ramesh Swaminathan on Tuesday in a statement to the exchanges. “We wish to inform that Ramesh Swaminathan, Chief Financial Officer of the Company has decided to pursue other responsibilities outside the pharmaceutical industry and will be leaving the organization…
WhatsApp’s chief business officer Neeraj Arora, on Monday, announced his decision to quit the company, marking another high-profile exit at the Facebook-owned messaging app. Arora has been serving the company since 2011 and through Facebook’s $19 billion acquisition in 2014. Earlier this year in April, WhatsApp co-founder Jan Koum left the company due to conflicts with Facebook on WhatsApp’s…
Japanese automaker Mitsubishi Motors, which is allied with Renault and Nissan, has fired Carlos Ghosn from his chairman position, a week after he was arrested over allegations that he under-reported his income by millions of dollars. Prosecutors allege Ghosn under-reported his income by $44 million over five years. As per Japanese law, a suspect can be…
Fortis Healthcare Ltd on Thursday said Bhavdeep Singh, the Chief Executive Officer (CEO) of the company has resigned from his position citing personal and professional reasons. “At the request of the Board, Mr. Singh has agreed to continue in his current capacity till such time his succession planning is crystallised,” Fortis said in a BSE…
Tesla Inc. has named Robyn Denholm as chair of its board, replacing its founder Elon Musk, who agreed to step down from the post as part of a settlement with U.S. Securities and Exchange Commission. Earlier, The Securities and Exchange Commission (SEC) filed a suit in New York accusing Musk of fraud, alleging his fake tweets about the electric…
Jason Kothari, president of the e-commerce company Infibeam Avenues, has quit the company, in less than five months due to personal reasons. “We wish to inform you that Mr. Jason Kothari who is serving the Company as a President has informed the Company that he is required to spend more time abroad due to personal reasons.…
The Coca-Cola Company today announced new roles for four operational leaders, including the naming of two new group presidents. The company also announced the creation of a Global Ventures position. The promotions are a follow-up to an earlier announcement about the company’s election of a new president and chief operating officer and the transition to…
The Coca-Cola Company, an American manufacturer, retailer, and marketer of nonalcoholic beverage concentrates and syrups, best known for its flagship product Coca-Cola, on Thursday announced Key Leadership Changes. Smith named president and COO: The company announced that the Board of Directors had elected Brian Smith to Serve as Incoming President and COO effective Jan. 1, 2019. Smith…