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Business News/ Companies / News/  Jet Airways CFO resigns for 'personal reasons'

Jet Airways CFO resigns for 'personal reasons'

CFO Amit Agarwal resigned from the services of the grounded airline with effect from yesterday
  • This was communicated by Jet Airways in a statement to the stock exchanges
  •  (Reuters)Premium

    Jet Airways (India) Ltd's chief financial officer (CFO) and deputy chief executive officer (deputy CEO) Amit Agarwal has resigned from his positions at the airline, the company said in a statement today.

    The airline said that Agarwal resigned due to personal reasons and his resignation is with effect from yesterday.

    Amit Agarwal, who joined the airline in December 2015, is a chartered accountant with over two-and-a-half decades of experience.

    Considered close to founder Naresh Goyal, Agarwal was responsible for all financial and fiscal management aspects of the company’s business.

    Prior to Jet Airways, Agarwal has held the position of chief financial officer at Suzlon Energy apart from various leadership roles at Arcelor Mittal and Essar Steel.

    Cash-strapped Jet Airways, which stopped its operations on 17 April due to an acute cash crunch, has seen a slew of top executives and board members leave the airline in the past few months.

    In April, former chief election commissioner, Nasim Zaidi, quit his position as non-executive and non-independent director on the airline’s board citing ‘personal reasons’ and ‘time constraints’.

    Independent director Rajshree Pathy also quit the board of the airline in April, weeks after founder Naresh Goyal and his wife Anita Goyal quit the airline’s board. Last week, top executive Gaurang Shetty, considered close to founder Naresh Goyal, also resigned from airline’s board of directors.

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    Published: 14 May 2019, 09:08 AM IST
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