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Jet Airways CEO Gary Toomey resigns with immediate effect

Jet Airways CEO Gary Toomey resigns with immediate effect

It is not yet known as to what led to the sudden exit of Gary Toomey. The airline's CFO Ravishankar Gopalakrishnan will officiate as the "acting chief executive officer" till the board appoints a CEO.

Jet Airways Chief Executive Officer Gary Kenneth Toomey has announced his immediate departure from the airline.

It is not yet known as to what led to the sudden exit of the Australian national.

"Gary Kenneth Toomey, chief executive of the company has resigned with immediate effect," the airline said in a filing on Thursday on the Bombay Stock Exchange.

Ravishankar Gopalakrishnan, the chief financial officer of the airline, will officiate as the "acting chief executive officer" till the board appoints a new chief, the airline said.

Toomey, who was appointed last June on a three-year contract, could not be immediately reached for comments.

He 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 Airways agreed to sell 24 per cent stake for Rs 2,058 crore to Etihad last April. The deal was finally concluded last November, though it has been challenged in the apex court.

Prior to joining Jet, Toomey had served as president and chief executive of Air New Zealand Group and CEO of Airlines PNG in Papua New Guinea.

Published on: Jan 16, 2014, 6:29 PM IST
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