Education services company Everonn Education today appointed Rakesh Sharma as the Managing Director of the firm.
Prior to this, Sharma held the post of Director at Everonn Education, representing Varkey Group/GEMS Education, which holds a 43% stake in the company.
In a filing to the Bombay Stock Exchange, the company said that Susha John, co-founder, whole-time director and CEO has announced her decision to step-down owing to family commitments. She had been associated with the company for the past 25 years.
The company said that John will continue to support the Group through an appropriate role going forward.
The company further said that post this decision, John will be de-classified from the 'Promoter Group' category of the company and her name will be excluded from the promoter group of Everonn Education in all future correspondence.