Monday, August 17, 2020

Did COVID-19 and the deteriorating equation with the Wadias lead to Vinay Dube's exit from GoAir?

There was no notice period, or a gardening leave or any notion, of a transition. And, the statement, announcing the change at the top, was terse.
"Vinay Dube has ceased to be in the employment of GoAir with immediate effect and hence ceases to be the CEO of the company."
25 words. There was no mention of any contribution Dube made in his stint - albeit a short one of six months -as is the norm in any statement announcing a leadership change. Instead, the rest of the 335-worded announcement was dedicated to Dube's successor Kaushik Khona,who was taking over as the CEO of the Wadia family-owned airline with 'immediate effect.'
Obvious questions followed. Was Dube fired? Or did the industry veteran put in his papers? A senior executive from the industry, who had earlier worked in GoAir, pointed out to the 'pattern' of previous exits of senior executives at the airline, owing to differences with the promoters.
While a company executive said Dube "has decided to explore new opportunities," scores of executives Moneycontrol spoke to pointed out several factors that would have led to the CEO cutting short his tenure.
Moneycontrol reached out to Dube, who is yet to respond. A mail with detailed questions has been sent to GoAir, awaiting a response.
17/08/20 Prince Mathews Thomas/
To Read the News in full at Source, Click the Headline


Post a Comment