Vikram Akula is eyeing the CEO position at SKS Microfinance, with a key stakeholder backing him. SKS Trusts on Sunday sought the reinstatement of Akula, founder chairman who was ousted from the company two years ago, on the board of SKS Microfinance. With a 12.6% stake, the trust is now the single-largest shareholder of India’s only listed microlender.
Akula, a former executive at McKinsey who was educated at Tufts and Yale universities, founded the company in 1997.
Read the Hindustan Times news report here.