Mumbai: Jet Airways on Tuesday said it has given its new finance chief Amit Agarwal the additional responsibility of acting CEO, replacing Gaurang Shetty who had been in the position for the last two months.
Shetty will go back to his previous role of senior vice president, commercial. This is the fifth change at that position in the last two and half years. In a statement to the exchanges, Jet didn't explain the reason for this change. A senior executive said it was implemented as Shetty is a member of the board and "it is company policy that an executive in the position of CEO should be distinguishable from a board member". Meanwhile, the airline is on the lookout for a permanent CEO after the last one Cramer Ball resigned in December.
The executive cited above denied any possibility of Shetty quitting.
01/03/16 Anirban Chowdhury/Economic Times
To Read the News in full at Source, Click the Headline
Shetty will go back to his previous role of senior vice president, commercial. This is the fifth change at that position in the last two and half years. In a statement to the exchanges, Jet didn't explain the reason for this change. A senior executive said it was implemented as Shetty is a member of the board and "it is company policy that an executive in the position of CEO should be distinguishable from a board member". Meanwhile, the airline is on the lookout for a permanent CEO after the last one Cramer Ball resigned in December.
The executive cited above denied any possibility of Shetty quitting.
01/03/16 Anirban Chowdhury/Economic Times
