Management change at IndiGo airways: Vikram Singh Mehta named new chairman

IndiGo, India’s largest airline, appointed Vikram Singh Mehta as its new Chairman on Wednesday, changing Venkataramani Sumantran. Mehta has served on the Board of InterGlobe Aviation Ltd (IndiGo) since Might 2022.IndiGo confirmed that Mehta takes over from Sumantran, who concluded his five-year tenure as a board member, reported PTI.The airline acknowledged that Sumantran, who grew to become Chairman in Might 2022, steered the Board by way of IndiGo’s restoration and growth within the post-Covid interval over the earlier three years.Mehta’s background contains roles as an Indian Administrative Providers (IAS) officer, Chairman of Shell Group of Firms in India, and CEO positions at Shell Markets and Shell Chemical compounds, Egypt. His expertise extends to varied company board positions.He accomplished his Arithmetic diploma from St. Stephen’s School, Delhi College, adopted by grasp’s {qualifications} in Politics and Economics from Oxford College and Power Economics from Tufts College.The corporate’s board contains six further members, together with co-founder Rahul Bhatia, in keeping with the IndiGo web site.Moreover, on Tuesday, IndiGo promoter and co-founder Rakesh Gangwal and his household belief lowered their possession by promoting a 5.72 per cent stake within the airline for Rs 11,564 crore by way of open market transactions.