Persistent Systems, a Pune-based global solutions company, announced that Christopher O’Connor, Executive Director and Chief Executive Officer of Persistent Systems Limited has resigned through letter dated August 9, 2020, effective immediately for personal reasons. The Board thanks Chris for his contribution to the Company and bringing about changes which will help the Company continue its…
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…
Frankfurt-based Commerzbank’s Chairman and Chief Executive Officer have recently stepped down from their offices, bowing to demands from top shareholder Cerberus that the German lender changes its strategy to stop a downward spiral in its financial performance. The resignations of Chief Executive Martin Zielke and supervisory board Chairman Stefan Schmittmann cap weeks of drama after…
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.…
The Chief Executive Officer of Kinetic Advertising India, Rachana Lokhande has recently decided to step down from her position. She has tendered her resignation and her last day at the organisation will be on August 14, 2020. She will be replaced by Ajay Mehta. She has been associated with Kinetic India for the last four…
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…
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…
Sudhanshu Vats has resigned as MD and CEO of Viacom18 after an 8-year stint at the company, effective from April 15th. Viacom18’s leadership team will continue to manage their respective verticals, and will report to Rahul Joshi, MD, Network18 Group. Sudhanshu has helped in expanding Viacom18’s footprint into new business lines, including digital (Voot), experiential…
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…
MGM Resorts International recently announced that it has appointed Bill Hornbuckle as the acting Chief Executive Officer. Bill, who is currently the Chief Operating Officer and President of the company will be replacing outgoing Chairman and CEO Jim Murren. According to an official press release, Murren had notified the company about his departure in February…
Wipro CEO Abidali Neemuchwala has resigned from the position citing family commitments. Neemuchwala will stay on the role until a successor is appointed. As per the company’s statement, the Board has initiated a search to find its next leader. Rishad Premji, Chairman, said, “We thank Abid for his leadership and contributions to Wipro. Over the…
P R Seshadri, managing director and CEO of Karur Vysya Bank, resigned from the position citing personal reasons. He will be relieved from the services of the Bank at the close of working hours on 31st March 2020 as per his request, the Bank informed the exchanges on Saturday. In a BSE filing, the company…