[New Delhi]Two Directors[Apptt By Maran]of No Frill SpiceJet,Resigned
SpiceJet today announced the resignation of two of its independent directors, Nicholas Martin Paul and R Ravivenkatesh from its Board.
Both Paul and Ravivenkatesh were appointed to the board by the then promoter Kalanithi Maran.
“Nicholas Martin Paul (Independent Director) and R Ravivenkatesh (Independent Director) has resigned from the company with effect from September 21, 2015,” SpiceJet said in a regulatory filing today.
Singh, the original co-founder, took back the reins of the budget carrier early this year from Marans amid SpiceJet facing turbulent times.
Singh, who exited the airline in 2010, took back its control after acquiring the entire 58.46 per cent stake of Kalanithi Maran and Kal Airways Pvt Ltd in February as part of a revival plan.
The airline’s board of directors had in May this year announced the appointed new majority shareholders — Singh and his wife Shiwani Singh as directors, and Harsha Vardhana Singh as the independent director.
Tag: SpicejetAirline
Two Directors[Apptt By Maran]of No Frill SpiceJet,Resigned
Heads of Flight Safety And Operation Of Spicejet Airline Also Exit
[New Delhi]Heads of Flight Safety And Operation Of Spicejet Also Exit
As per sources Highly Paid Sandeep Verma and V K Khosla stepped down last Friday,
Two more senior officials have resigned from SpiceJet, taking the total number “highly paid” executives exiting from the airline to seven since January.
While Verma was heading the operations and was associated with SpiceJet since its inception in 2005, Khosla was head of flight safety,
Exit of some more “highly-paid” executives was likely in the coming months due to focus on cost-rationalisation
The then SpiceJet managing director, S Natrajhen, was the first top official exiting the carrier soon after Singh came onboard.
Since then the airline has seen the resignation of six more senior executives including Kaneswaran Avili, who stepped down from the chief commercial officer’s position about two months ago.
The airline reported a net profit of Rs 22.51 crore in the January-March period of the last fiscal after flying into red zone for seven quarters.
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