Comments
Dr Jamshed J. Irani has resigned as the non-executive Chairman of Everonn Education Ltd. This follows the arrest of the company's CEO, Mr P. Kishore, on Tuesday by the Central Bureau of Investigation for allegedly bribing an Income-Tax officer.
Dr Irani, former Managing Director of Tata Steel Ltd, was appointed additional director and non-executive Chairman of Everonn on December 9, 2010.
“The exit of the high-profile Dr Irani will be a big blow to the Chennai-based company. With Dr Irani being such a big name, it will be very difficult for Everonn to find a replacement of his calibre and track record,” said an analyst who tracks Everonn.
New ceo
In a related development, Ms Susha John, whole-time director of Everonn, will take over as the CEO. The company's board has also appointed a business council consisting of two independent board members to advise the CEO.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.