Saturday, 18 January 2014

Jet CEO Gary Kenneth Toomey Quits

Barely six months after taking charge as Jet Airways CEO, Gary Kenneth Toomey (pictured),  an Australian national, resigned with immediate effect on Thursday.

A Jet statement said that Ravishankar Gopalakrishnan, CFO, will officiate as acting CEO till the board identifies a replacement for Toomey.
Air Seychelles is a strategic partner of Etihad Airways PJSC, the national airline of the UAE that is buying a 24% stake in Jet Airways. Before joining Air Seychelles, Ball was regional general manager for Asia Pacific South and Australasia at Etihad, which holds 40% equity in Air Seychelles.

Jet, in a filing to BSE, said Toomey’s resignation was effective immediately, but didn’t give a reason for his stepping down. Ravishankar Gopalakrishnan, chief financial officer, will be the acting chief executive till the board appoints a new CEO, it said.

On 12 November, the Competition Commission of India cleared Etihad’s Rs.2,058 crore deal with Jet Airways, the first such investment since the government in September 2012 allowed foreign airlines to invest in Indian airlines. Jet received funds from Etihad last month.

“Jet Airways has completed the interviews for the CEO post. Ball is tipped as CEO. An announcement is expected shortly,” one of the two people cited above said. A second person confirmed the development. Both declined to be identified.

A Jet Airways spokeswoman declined to comment on the development.

“This (Toomey’s resignation) was on expected lines,” a third person aware of the developments said, also requesting anonymity. “Toomey was not able to gel with the Jet Airways culture.”

No comments:

Post a Comment