The Hush Post|10:30 am|2-min-read
Bhavdeep Singh, the Chief Executive Officer (CEO) of the Fortis Healthcare resigned on Thursday. Singh submitted his resignation citing professional and personal reasons. The Fortis board has accepted his resignation, the firm said in a stock exchange filing. “Singh will continue in his current capacity till Fortis finds his successor.”
The Founder and Managing Director, Shriram Subramanian said, “They will have to broaden the board, taking more members of the new promoters.”
Fortis Healthcare chairman Ravi Rajagopal said, “Bhavdeep has been a pillar of strength at Fortis and has steadfastly led from the front. He has consistently demonstrated a high level of business acumen. Singh is an exceptionally strong work ethic. He has very strong commitment towards building and sustaining strong people relationship built on a strong foundation of trust. However, his overwhelming involvement and commitment to support the company these past years had not allowed him sufficient time with his family. The company is standing strong today because of the leadership displayed by Bhavdeep.”
Singh, a US citizen joined the hospital chain in February 2009, which is expanding at a rapid pace. Later, he resigned from the company in November 2010, due to family reasons. Singh a veteran retail professional has spearheaded global and domestic supermarket chains such as A&P, Spencer’s Retail and Reliance Fresh. In July 2015, Singh rejoined Fortis and led the company through its difficult phase.
At a conference, Singh said, “The challenges at the company over the past couple of years did not allow him to spend time with his family. I believe that the right time for me to make this transition is now. After two very challenging years, the company is now on a stable platform and can look forward to the future with optimism.”