Gary Kenneth Toomey is the second CEO after Nikos Kardasis to leave Jet Airways within seven months. Ravishankar Gopalakrishnan, has been appointed as 'acting chief executive officer' of the carrier
Naresh Goyal promoted Jet Airways has lost another chief executive within a span of just seven months. In an unexpected move, Gary Kenneth Toomey, the CEO of the carrier on Thursday announced his immediate departure. Toomey was appointed only last June on a three-year contract after the sudden departure of Jet Airways' then CEO Nikos Kardassis.
In a regulatory filing, Jet Airways said, "Gary Kenneth Toomey, chief executive of the company has resigned with immediate effect. Ravishankar Gopalakrishnan, chief financial officer of the carrier, will officiate as the 'acting chief executive officer' till the board appoints a new chief."
It is, however, not yet known as to what led to the sudden exit of Toomey. Prior to joining Jet, Toomey, an Australian national, had served as president and chief executive of Air New Zealand Group and CEO of Airlines PNG in Papua New Guinea.
Toomey was made the chief executive after the then CEO Nikos Kardassis quit the Naresh Goyal-promoted carrier over some alleged differences with Goyal over the stake sale to the Gulf carrier Etihad.
Kardassis' resignation was announced immediately after Jet agreed to sell 24% stake for Rs2,058 crore to Etihad last April. The deal was finally concluded last November, though it has been challenged in the apex court.
Inside story of the National Stock Exchange’s amazing success, leading to hubris, regulatory capture and algo scam
Fiercely independent and pro-consumer information on personal finance.
1-year online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
30-day online access to the magazine articles published during the subscription period.
Access is given for all articles published during the week (starting Monday) your subscription starts. For example, if you subscribe on Wednesday, you will have access to articles uploaded from Monday of that week.
This means access to other articles (outside the subscription period) are not included.
Articles outside the subscription period can be bought separately for a small price per article.
Fiercely independent and pro-consumer information on personal finance.
Complete access to Moneylife archives since inception ( till the date of your subscription )
