 "Jet Airways CEO Cramer Ball steps down")
Jet Airways has announced the resignation of its Chief Executive Officer (CEO) Cramer Ball with effective from February 29, 2016, to pursue a new opportunity in Europe for family reasons. Gaurang Shetty, whole-time director will become the acting CEO, the company said in a statement.
Shetty, who has over 35 years of industry experience and has been with the company for over 19 years, will now lead the operating committee in managing day-to-day operations under the supervision and control of the board of directors chaired by Naresh Goyal.
Goyal said: “Cramer has, during his tenure, made a significant contribution in the journey to turnaround Jet Airways. The Company recorded two consecutive profitable quarters after a gap of eight years. Our best wishes are with Cramer and his family in his future endeavours.”
Ball said: “I am honoured to have been able to play a part in the turnaround of Jet Airways, as it moves towards long-term sustainable profitability. The people at Jet Airways have worked as a team to get this business into shape and I am pleased with the progress that has been made.”