Deccan 360 looks to hire CEO, expand operations

New Delhi: Air freight services company Deccan 360 will hire a chief executive officer (CEO) and finalize its new business plan over the next two months as it prepares to expand operations, after raising funds through a stake sale last month to Reliance Industries Ltd (RIL), its founder G.R. Gopinath said.
At least nine candidates have been shortlisted for the post of CEO to replace Jude E. Fonseka, a Sri Lankan settled in Australia who was let go as part of a cost-cutting effort at the company, which has retained him as a consultant.
“We are looking for somebody with Indian experience,” Gopinath told Mint. The new CEO will take the freight services firm’s business plan forward, said the aviation entrepreneur.
“I wanted somebody who is going to stay for the long term and grow the business and create wealth. We are going to strengthen it and deepen it,” he said
Gopinath is seeking to expand Deccan 360 operations to tap an air cargo business in which growth is expected to accelerate to an annual pace of 11.8% by 2011-12, from 5% in 2008-09, according to figures released by civil aviation minister Praful Patel earlier this month.
16/05/10 Tarun Shukla/Live Mint

To Read the News in full at Source, Click the Headline

Categories: Cargo May 2010, Deccan 360 May 2010