Quit YES Bank board over no focus on finding next MD & CEO: Chandrashekhar
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Former independent director of YES Bank Rentala Chandrashekar quit the board as he was not happy with the recent developments in the bank, which seemed non-focussed to find a successor of its MD & CEO Rana Kapoor, sources said Wednesday. The former bureaucraQuit YES Bank board over no focus on finding next MD & CEO: Chandrashekhar
Former independent director of YES Bank Rentala Chandrashekar quit the board as he was not happy with the recent developments in the bank, which seemed non-focussed to find a successor of its MD & CEO Rana Kapoor, sources said Wednesday. The former bureaucrat wanted the bank to focus on finding a successor for Kapoor rather than indulging in issues such as shake up in the board composition and the likes, sources told PTI. When contacted, Chandrashekhar confirmed in the affirmative on the reason behind his departure from YES Bank and refused to divulge anything further. Also, he also confirmed that the management, including Kapoor, had wanted him to stay with the bank. «That's correct,» said the former telecom secretary. Sources said that Chandrashekar was of the view that the bank should have been focussing on the transition and making sure that there was an orderly transition instead of having all the turbulence, including churn in the board and the selection committee to find a Read more