Jet Airways acting CEO quits, top-level exodus continues

Tags: News
The top-level exodus at Naresh Goyal-promoted Jet Airways continued today, with chief financial officer and acting CEO Ravishankar Gopalakrishnan quitting.

"Ravishankar Gopalakrishnan, chief financial officer and acting chief executive of the company, has resigned from the services with effect from today," Jet Airways said in a filing to the Bombay Stock Exchange.

The company did not give a reason for the resignation, which comes less than four months after Gopalakrishnan took over additional responsibility as CEO following the departure of Garry Toomey in mid-January.

Gopalakrishnan had put in his papers last month and was supposed to serve until May 5, sources said, adding that he chose to leave three days earlier.

He is the third top executive in the past year to part ways with the private airline, in which Gulf carrier Etihad Airways now holds a 24 per cent stake.

Immediately after Jet announced the signing of the deal with Etihad last April, then CEO Nikos Kardassis quit, reportedly in protest against being sidelined during the protracted negotiations.

The Mumbai-based airline brought in Toomey, an Australian considered close to Etihad CEO and President James Hogan, in June. He quit after a little over six months.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi’s latest ban on 260 entities plugs a major loophole for stock manipulation

    Last week, the capital market regulator, Securities and Exchange Board of India (Sebi) banned 260 entities from dealing in the securities market for m

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Nuances in managing joint ventures

This is an age of collaboration. A seemingly simple device ...

Kuruvilla Pandikattu SJ

Finding the missing child of Christmas

Christmas is basically the feast of a helpless child. The ...

Shona Adhikari

Why Indian art auctions are here to stay

With Christie’s second India sale just over in Mumbai, we ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture