Fortis CEO Bhavdeep Singh quits

The chief executive officer of Fortis Healthcare, Bhavdeep Singh has stepped down on Thursday but will continue in his current capacity till a successor is found.

Singh has resigned from his position by communication dated November 8. The board of directors of the company has considered and accepted his resignation, Fortis Healthcare said in a regulatory filing.

“At the request of the board, Singh has agreed to continue in his current capacity till such time his succession planning is crystallised,” the filing added. The development came nearly four months after the crisis-hit healthcare chain was acquired by Malaysia’s IHH Healthcare. IHH Healthcare had agreed to invest Rs 4,000 crore in Fortis by allotment of shares.