Subash Menon, MD & CEO of telecom software product company Subex has resigned from the company.
Menon who is also the founder of the Bangalore-based company will continue to be in the company’s board as a non-independent director.
"With the restructuring of the FCCBs complete, I have decided to focus on my other business interests and hence this move," Menon said in a statement.
The board of directors of the company which met in Mumbai today has approved his resignation. The company is yet to announce the successor of Menon.
Menon has just 1.63% stake in the company, as of July 2012.