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Jet Airways’ deputy CEO and CFO Amit Agarwal quits

Image Courtesy: Livemint.Com

Grounded carrier Jet Airways‘ Deputy Chief Executive and Chief Financial Officer (CFO) Amit Agarwal has resigned, the airline said on Tuesday. Agarwal’s resignation is effective from May 13, it said.

“We wish to inform that Amit Agarwal, the Deputy Chief Executive Officer and CFO of the company, has resigned from service due to personal reasons, with effect from May 13,” Jet Airways said in a regulatory filing. The airline seized operations temporarily around mid- April due to acute liquidity crisis. Most of the airline’s board members have also quit in the last one month.

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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