Jubilant Energy's CEO steps down

Jubilant Energy announced Friday the resignation of Chief Executive Officer (CEO) Ajay Khandelwal.

Jubilant Energy announced Friday the resignation of Chief Executive Officer (CEO) Ajay Khandelwal.

The oil and gas explorer gave no explanation for the exit saying only that he was leaving "by mutual agreement and immediate effect".

The company said it has started the hunt for a new CEO and will provide an update in due course.

In the meantime, Jubliant has set up a committee comprising of Chief Operating Officer, Ramesh Bhatia, and Chief Financial Officer, Vipul Agarwal, for the day to day running of business.

Khandelwal, an electrical engineering graduate from Mumbai, started his career in the energy field at Powergen UK in 1996 before he joined Shell as an investment advisor.

He moved over Frontline Corporate services in London as a portfolio investment manager in 2006 and three years later jumped on board Jubilant.

RD

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020

Most Popular

Bitcoin: fool’s gold or the new gold?
Bitcoin

Bitcoin: fool’s gold or the new gold?

With bitcoin hitting new highs last week, and close to becoming a mainstream investment, is it really gold for the 21st century?
15 Jan 2021
The MoneyWeek Podcast: bitcoin special
Bitcoin

The MoneyWeek Podcast: bitcoin special

Merryn talks to bitcoin experts Dominic Frisby and Charlie Morris to get the lowdown on the cryptocurrency to find out why it's such a huge global phe…
15 Jan 2021
Leasehold reforms promise the end of a nightmare for many homeowners
Property

Leasehold reforms promise the end of a nightmare for many homeowners

Horror stories about unscrupulous landlords profiting from a legal relic of the feudal era are about to get a happy ending, says Simon Wilson.
16 Jan 2021
Free 6 issue trial then continue to