Barely six months after Jet Airways, the country's second largest carrier, announced his appointment as its CEO, Gary K Toomey has called it quits.
Jet Airways informed the stock exchanges of the change in its top management on Thursday and said that Ravishankar Gopalakrishnan, its Chief Financial Officer will be the 'acting CEO' till such time as Jet Airways board is able to get a new person for the job.
Sources at Jet Airways provide different reasons for the exit of the 59 year old Australian, who previously worked at several global airlines.
While some at Jet claim Toomey was homesick as his wife and children had stayed behind in Australia, others say the reasons are more complex. They maintain Toomey was finding it difficult to fathom the Indian aviation market and his relationship with Jet's promoter and Chairman, Naresh Goyal, had been affected by this.
"It is tough to work with Naresh Goyal. The style of functioning in India is different from elsewhere and more so at Jet," an insider said. "On a day-to day basis, it becomes a challenge taking decisions in an environment that is not too congenial. For Toomey, who is nearing 60, the cumulative impact was to question why, at this age and with so much experience behind him, he was putting up with it all."
Read news in full 16/01/14 Manisha Singhal/Business Today
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