By BW Hotelier
JET AIRWAYS announces the resignation of CEO Cramer Ball, effective 29 February 2016, who leaves 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 endeavors.’
Ball said, ’I am honored 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.’
