31.1 C
New Delhi
Thursday, May 9, 2024
HomeTechByju’s forms executive committee for new leadership at Aakash after exit of...

Byju’s forms executive committee for new leadership at Aakash after exit of CEO, CFO


Byju’s-owned test prep subsidiary Aakash Education (AESL) has formed an executive council to appoint a new CEO at the brick-and-mortar coaching network following the exit of its chief executive Abhishek Maheshwari and chief financial officer Vipan Joshi.


Byju Raveendran, chief executive officer Byju’s, Ajay Goel, group chief financial officer of Byju’s, Anup Kumar Agrawal, chief business officer of AESL and Sachin Saxena, chief human resources officer (CHRO) of AESL are part of the executive council, as per an internal note sent by Raveendran to employees. Maheshwari’s exit was formally announced to the organisation on Saturday, sources added.

Elevate Your Tech Process with High-Value Skill Courses

Offering College Course Website
Indian School of Business ISB Professional Certificate in Product Management Visit
Indian School of Business ISB Digital Marketing and Analytics Visit
IIM Lucknow IIML Executive Programme in Data Science Visit
Indian School of Business ISB Product Management Visit

“The executive committee has been assembled to provide guidance, support, and leadership during this transition period. We are committed to maintaining the excellence and growth that AESL has consistently delivered in terms of both current business operations and future prospects,” Raveendran said in an internal note seen by ETtech.

“The council will conduct scheduled meetings to ensure that AESL continues to operate smoothly, and it is also available on an as-needed basis for any guidance or support that you may require..”

This comes at a time when Aakash, the crown jewel of Byju’s, is in the middle of shareholder tussle where the edtech major has been nudging Aakash promoters to complete the share swap for the Aakash deal announced two years ago. ETtech earlier reported that there is a revamp in AESL’s board amid ongoing negotiations with New York-based investment fund Davidson Kempner over a Rs 2,000 crore credit line that the company had picked up this year.

Stay on top of technology and startup news that matters. Subscribe to our daily newsletter for the latest and must-read tech news, delivered straight to your inbox.



Source link

- Advertisment -

YOU MAY ALSO LIKE..

Our Archieves