Jet Airways CEO resigns
Jet Airways has announced the resignation of its CEO, Cramer Ball, effective February 29, 2016 to pursue a new opportunity in Europe for family reasons. Gaurang Shetty, whole-time director, will become the acting CEO of the company.
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 the day-to-day operations of the company, 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.”
Cramer 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.”
Ball has been now appointed as CEO of Alitalia, effective from early March, 2016.