Founder and CEO of WhiteHat Jr, Karan Bajaj, has quit the company a year after it was acquired by edtech major Byju’s. The development was announced by Byju Raveendran, Founder and CEO of Byju’s, in an email to employees. “Having more than exceeded all our mutually outlined goals for the first year, Karan is now…
Mahindra Electric Mobility CEO and MD, Mahesh Babu, is stepping down from the role to pursue interests outside the company, according to ETAuto report. Consequently Suman Mishra, Sr VP, Business transformation, Insight and Analytics , automotive sector will take over as chief executive of MEML and chief executive designate of Last Mile Mobility business with…
British retail and commercial bank Lloyds Bank Chief Executive António Horta-Osório recently said that he would step down next year after a decade at the helm. His decision to leave the office has left Britain’s biggest domestic bank to find a successor to steer it through the coronavirus fallout. According to a Reuters report, while…
Britain’s biggest mall owner Intu Properties’ Chief Executive Officer Matthew Roberts has reportedly stepped down from the role a week after the company went into administration, said a Reuters report citing sources. Roberts, who took the helm in 2019 after serving as Intu’s Finance Chief for about nine years, informed staff that he was leaving…
Brazilian planemaker Embraer recently announced that the head of its Commercial Aviation Unit, John Slattery is leaving his position to become the Chief Executive Officer of GE Aviation. Embraer said that Slattery will be replaced by company Chief Commercial Officer Arjan Meijer. Slattery’s resignation comes just weeks after the deal between Embraer and Boeing collapsed.…
Scotland-based travel agency Skyscanner recently announced that its current Chief Executive Officer Bryan Dove has decided to step down from his role citing family reasons. However, Dove will remain as a Senior Advisor to the company. Dove will now be replaced by Moshe Rafiah as the new CEO. Rafiah currently serves as the Founder and…
Ola Financial Services, the financial arm of ride-aggregator Ola cabs recently announced that it has raised ₹200Cr in fresh funding from Matrix Partners and Falcon Edge. According to regulatory filings, Gemini Investments LP, Arun Sarin’s family office, and Alpha Wave Holdings also participated in the round.The company is currently in its fundraising mode and is…
UK-based luxury car manufacturer Aston Martin recently announced that it has appointed Tobias Moers as its new Chief Executive Officer. The recent appointment at the struggling carmaker comes after its former CEO Andy Palmer stepped down from the President and Group Chief Executive position. Tobias will be taking over the company from 1 August, with…
Cairn’s Chief Executive Officer Ajay Dixit has decided to quit the company at month-end. He is the fifth CEO of billionaire Anil Agarwal-led Vedanta’s oil and gas division to quit the firm. Cairn was taken over by the mining baron eight years ago. According to a PTI report, Dixit has decided to not seek an…
After several weeks of rumors about his differences with the company, Pravin Jadhav, the Managing Director and CEO of Paytm Money has resigned from the company. According to a news report by Entrackr, Jadhav had submitted his papers last week and it is being reported that he will be relieved by the end of April.…
Vedanta Limited, a subsidiary of Vedanta Resources Limited, has recently announced that company CEO and Director Srinivasan Venkatakrishnan will step down from his position. Srinivasan has decided to resign from the position citing personal reasons and is expected to rejoin his family in South Africa. According to an official press release, the company said, “Srinivasan…
Bob Iger, has exited as CEO for The Walt Disney Company. The announcement was made by the company earlier this week. Post his exit as the CEO, Bob Iger will assume the role of Executive Chairman and will direct the Company’s creative endeavors, while leading the Board and providing leadership and guidance to ensure a…
Salesforce Co-CEO Keith Block recently announced that he would step down from his role and leave the CRM giant. Post his departure, Block will still remain an advisor to founder Marc Benioff, who would now be the sole CEO of the company. In a statement, Block said, “It’s been my greatest honor to lead the…
2019 was a very dramatic year for the business ecosystem. A global economic slowdown, reduction in profits and bankruptcy filing by many companies. But there was something else also going on behind the closed doors of corporate headquarters. Last year witnessed resignations of many top executives from big companies and start-ups. While this could be…
Lara Bezerra, Head of Roche India, is leaving the company. She had joined Roche India in October 2017, after her stint as General Manager Product at Roche Venezuela SA. She has been serving as Managing Director for the Indian operations. As per the company’s statement to media, cited in ET, “Dec. 1 will be the…