Byju Raveendran, chief executive officer Byju’s, Ajay Goel, group chief financial officer of Byju’s, Anup Kumar Agrawal, chief business officer of AESL and Sachin Saxena, chief human resources officer (CHRO) of AESL are part of the executive council, as per an internal note sent by Raveendran to employees. Maheshwari’s exit was formally announced to the organisation on Saturday, sources added.
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“The executive committee has been assembled to provide guidance, support, and leadership during this transition period. We are committed to maintaining the excellence and growth that AESL has consistently delivered in terms of both current business operations and future prospects,” Raveendran said in an internal note seen by ETtech.
“The council will conduct scheduled meetings to ensure that AESL continues to operate smoothly, and it is also available on an as-needed basis for any guidance or support that you may require..”
This comes at a time when Aakash, the crown jewel of Byju’s, is in the middle of shareholder tussle where the edtech major has been nudging Aakash promoters to complete the share swap for the Aakash deal announced two years ago. ETtech earlier reported that there is a revamp in AESL’s board amid ongoing negotiations with New York-based investment fund Davidson Kempner over a Rs 2,000 crore credit line that the company had picked up this year.