Jet Airways CFO and Deputy CEO Amit Agarwal resigns

The Hush Post|13:00 pm|1-min-read

Jet Airways (India) Ltd’s Chief Financial Officer (CFO) and Deputy Chief Executive Officer (deputy CEO) Amit Agarwal has resigned from his post due to personal reasons, the airline said on Tuesday. However, Agrawal’s resignation is effective from 13 May. Interestinlgy, his resignation comes at a time when the airline is struggling with a debt of billions.

Amit Agarwal had joined Jet Airways as CFO in December 2015. 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.

However, in the last one month, most of the airline’s board members have quit. Earlier on 23 April, top executive Gaurang Shetty, considered close to founder Naresh Goyal had resigned from the board citing “personal reasons.”

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’.

Rajshree Pathy, also quit the board of the airline in April.  Weeks after, founder Naresh Goyal and his wife Anita Goyal also quit the airline’s board.

The airline temporarily suspended its flight operations on April 17 due to acute liquidity crisis.

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