Print   Close

Etihad nominee on Jet Airways board Robin Kamark quits; 5th top executive to step down this week

PTI     May 17, 2019

Grounded carrier Jet Airways Friday said Etihad nominee director on the airline's board, Robin Kamark, has quit the company with effect from May 16. After Kamark's exit, only Ashok Chawla and Sharad Sharma remain on Jet Airways board, which ceased operations around mid-April. The Gulf-based Etihad, which acquired 24 per cent stake in the then Naresh Goyal-promoted carrier in 2013, had two nominee directors, Kevin Night and Robin Kamark, on the airline's board.

Night stepped down in March along with Jet Airways founder-chairman Naresh Goyal and his wife Anita Goyal on March 25 following a debt recast plan. Naresh Goyal also stepped down from the post of chairman. "Robin Kamark nominee director of Etihad Airways PJSC, has resigned from the company with effect from May 16," Jet Airways said in a regulatory filing.

Last week, four senior executives, including chief executive Vinay Dube and his deputy Amit Agarwal quit the defunct carrier. Last month, Independent Director Rajshree Pathy, Non- Executive and Non-Independent Director Nasim Zaidi as well as Whole Time Director Guarang Shetty also announced their exit. In November last year, independent directors Vikram Singh Mehta and Ranjan Mathai had resigned from Jet Airways' board.

Jet Airways CEO Vinay Dube resigns a day after CFO Amit Agarwal quit company

Jet Airways revival plan: Etihad puts debt write-down on the list

Crisis in IndiGo as promoters Rahul Bhatia, Rakesh Gangwal differ over airline control, expansion; hire law firms


URL for this article :
https://www.businesstoday.in/sectors/aviation/etihad-nominee-on-jet-airways-board-robin-kamark-quits-5th-top-executive-to-step-down-this-week/story/347559.html
 
@ Copyright 2019 India Today Group.