Wednesday, March 02, 2016

Jet Airways CFO Amit Agarwal entrusted with additional charge of CEO

New Delhi: Recently-appointed Jet Airways Chief Financial Officer Amit Agarwal has been entrusted with the additional charge of Chief Executive Officer in place of Gaurang Shetty, the airline said Tuesday.

Shetty, who is senior vice president for commercial at Jet Airways, was given the acting charge of the post after the then CEO Cramer Ball quit the carrier in December last year.

"Jet Airways Chief Financial Officer Amit Agarwal is taking on responsibility as the Acting Chief Executive Officer of the company with effect from March 01, 2016," Jet Airways said in a regulatory filing today.

Agarwal, who was appointed as the CFO on December 22 last year, will function as the acting CEO in addition to his responsibilities as CFO till such time a new Chief Executive Officer is appointed, it said.

This is the fifth CEO level change in Jet Airways since April 2013 when the airline offloaded a part of stake to Abu Dhabi's national airline Etihad.

Jet Airways has seen a number of its senior executive departing from the carrier in the last almost three years with two top executives besides Ball having quit last year alone.
01/02/16 PTI/Zee News
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