Chennai: One shock exit and the other a smooth transition, is how the resignation announcements of two leading heads of varying industries be best summed. The people in question are Flipkart Group CEO, Binny Bansal and Ashok Leyland’s MD and CEO, Vinod K Dasari.
Walmart had issued a statement which read, “Binny Bansal announced his resignation as CEO of Flipkart Group, effective immediately. Binny has been an important part of Flipkart since co-founding the company, but recent events risked becoming a distraction and Binny has made a decision to step down.”
Binny is said to have resigned following sexual charges that were levied against him by a former employee. The surprise announcement by Walmart followed an email from Binny, denying the allegations. The company board confirmed Flipkart CEO Kalyan Krishnamurthy’s induction as the Flipkart’s Group CEO.
For Dasari however, it turned out to be the end of the line on his own interests. He will complete his term that ends effective 31 March 2019.
“After a successful stint of nearly 14 years with Ashok Leyland, Vinod K Dasari has decided to pursue his personal interests and seek new learning. Respecting his personal decision, the Board in its meeting today accepted his resignation. Dasari will continue to work in the current position until 31 March 2019, to ensure a smooth transition,” a statement from Ashok Leyland said.