On Monday, 13th May, Amit Agarwal resigned from the post of Jet Airways’ deputy CEO and CFO. Jet Airways gave this information to the stock exchange. The airlines said that Amit Agarwal resigned because of personal reasons. He joined the airline in 2015. His resignation has come into effect with immediate effect.
In the past month, most of the board members of Jet has also resigned. On Tuesday, the stock on BSE fell 12.44% to Rs 122.10. And, the shares on NSE fell by 13% and slipped to Rs. 121. Although there was some recovery from the lower levels. Last month on 17th April, Jet Airways stopped operating temporarily after the financial crisis struck it.
To sell 75% stake in the airline, its lender banks had asked for bids. The last bid is only deposited by Etihad. But it also does not want to take a bigger stake as it already has 24% shares of Jet.
Amit Agarwal joined Jet Airways in the year 2015. Then in 2017, Amit Agarwal took over as the Chief Executive Officer of the company. He was a chartered accountant. He has worked as a Chartered Accountant for about 25 years. He was close to Naresh Goyal.
Amit Agarwal was responsible for all the financial and fiscal management related to the company’s business. Before joining Jet Airways, he was working as Chief Financial Officer in Suzlon Energy. Apart from this, he has also worked for ArcelorMittal and Essar Steel.
Earlier, former Election Commissioner Naseem Zaidi had also quit the post of non-executive and non-independent director. The company’s board said that Zaidi resigned because of personal reasons. Independent Director Rajshree Patti also left the board after Joint Jet Airways founder Naresh Goyal and his wife Anita Goyal resigned from the company.
Last week, the company’s top executive Gaurang Shetty also resigned from the board. They also considered these close to Naresh Goyal.
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