New Delhi: Gurgaon-based low-fare carrier SpiceJet, run by SpiceJet Ltd, plans to hire an expatriate professional as chief executive officer (CEO) soon, nearly three months after its CEO Siddhanta Sharma quit the airline. Flight occupancy has slipped drastically over the past few months for the airline and the appointment of a new CEO is being jointly decided by the new investor in the airline, New York-based private equity fund WL Ross and Co. Llc, and existing investors including Ajay Singh and Bhupendra Kansagra. “We are finalizing from three-four names. A decision is expected within a week,” Kishore Gupta, a director at the airline, said, declining names. The new expat CEO will take over from a joint team of three senior officials including Gupta who were spearheading the airline since Sharma’s exit.
— Tarun Shukla
UN’s anti-poverty drive may set world record
United Nations: The campaign is aimed at mobilizing support to fight against poverty and call on world leaders to deliver on their commitments to meet the Millennium Development Goals, or MDGs, the internationally agreed targets to halve extreme poverty and address other social ills by 2015. Last year, more than 43 million people took part in the campaign, said a UN Millennium Campaign statement.
— Staff Writer