In the latest people moves, Sanjeev Agrawal, CEO of Altico Capital, has resigned from the company citing personal reasons. In another development, Flipkart has appointed ex-Wipro executive Sridhar Govardhan as Senior Director & Head of Information Security.
Altico CEO Sanjeev Agrawal quits
Sanjeev Agrawal, CEO of Altico Capital, has resigned from the company citing personal reasons.
“The Altico Board has accepted Agrawal’s resignation and is appreciative of the progress made under his leadership, on addressing the issues faced by the firm post the default in September 2019. The firm remains committed on working towards a resolution at the earliest,” the company said in a statement.
Agrawal, who was previously the COO of Altico, was in September appointed as the CEO with the full backing of the board in October 2019. When asked to consider extending his contract beyond March 2020, he expressed his inability, citing personal reasons.
Altico has been facing difficulties to repay debt. One of its three owners – Varde Partners – has proposed to infuse up to Rs1,000 crore as equity capital, The Economic Times reported on Thursday.
Flipkart ropes in Senior Director & Head- IS
E-commerce company Flipkart has appointed ex-Wipro executive Sridhar Govardhan as Senior Director & Head of Information Security.
In his new role, Govardhan will be based in Bengaluru.
Govardhan joins Flipkart after having completed 14 years in Wipro. His journey at Wipro started as Senior Manager- Information Security in 2005 and ended his services as Chief Information Security Officer. He holds a Masters’s degree in Technology from Birla Institute of Technology and Science, Pilani.