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IndiGo, the country’s largest airline with a two-fifths domestic market share, announced on Friday that its president, Aditya Ghosh, is resigning from the position effective 31 July.

The airline’s promoter Rahul Bhatia will assume charge as interim CEO till the company finalises a new president and CEO. While Ghosh will continue as president of InterGlobe Aviation Ltd till July end, his tenure as a director ended as of Thursday.

The announcement also said that the company has decided to hire Gregory Taylor as a senior advisor who will report to Bhatia. The board will consider Taylor’s appointment as president and CEO in due course.

The company did not give any reason for the abrupt change in leadership before the 2 May board meeting to finalise the results for March quarter.

To be sure, the airline under Ghosh’s leadership was criticised in January by a parliamentary panel over the discourteous behaviour of its staff with customers. Besides, it has had to contend with many of its aircraft facing technical issues with engines.

“For the last ten years, it has been a relentless, exhilarating and a most satisfying task building IndiGo. It is now time for me to step off the treadmill and sometime in the near future embark on my next adventure,” a IndiGo statement said, quoting Ghosh.

Bhatia welcomed Taylor’s decision to rejoin the company. He served as the executive vice president of revenue management and network planning at IndiGo between 2016 and 2017.

“His enormous and varied experience and understanding of the complexities of the airline industry will be invaluable to our future plans. At the same time, we thank Aditya for all his hard work and contributions and for the successes that the company has enjoyed,” Bhatia said.

NewsSource: Live mint