Top-deck exit continues at Jet; Acting CEO quits

Tags: News
Jet Airways' Acting CEO and Chief Financial Officer Ravishankar Gopalakrishnan has resigned, sources said today, the latest in the high-profile exit from the private carrier.

Gopalakrishnan was entrusted with the additional charge of Acting CEO after resignation of incumbent Garry Kenneth Toomey in mid-January.

While Gopalakrishnan could not be contacted, Jet media head Ragini Chopra did not respond to the text message sent by PTI for confirmation.

Gopalakrishnan is the third top executive to part ways with the Naresh Goyal-promoted airline, in which Gulf carrier Etihad Airways now holds 24 per cent stake, in the past one year.

Immediately after the airline announced the signing of the deal with Etihad in April last year, the then CEO Nikos Kardassis quit, reportedly in protest against being sidelined through out the protracted negotiations for stake sale that lasted for more than a year.

The Mumbai-headquartered airline then brought in Toomey, an Australian national considered close to Etihad CEO and President James Hogan, at the helm in June. But he too quit the job after being in the hot seat for a little over six months.

EDITORIAL OF THE DAY

  • Reservations, along with economic subsidies, must go to get India moving

    A young man, in his early twenties, starts an agitation demanding reservation for the community he represents.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

The China story isn’t over yet

China’s financial markets are currently in the eye of a ...

Anuja Sharma

Love yourself to love others

“There are two basic motivating forces: fear and love. When ...

Gautam Gupta

It's a 'blog eat blog' world out there

Let me tell you, fashion journalism has truly taken the ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture