Three CEOs put in their papers

Friday was a day of top-level exits for India Inc. Three companies informed the stock exchanges that their chief executive officers had quit. While Cairn India said its CEO had quit for “personal reasons”, the other companies — Jet Airways and HeidelbergCement India — did not cite any reasons for the exits. The Cairn India board said it had accepted the resignation of P Elango, interim CEO and whole-time director, and that Sudhir Mathur, CFO, has taken over the additional responsibility of leading the organisation in the interim.

Read the Hindu Business Line news report here.