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

Share tips of the week – 22 October
Share tips

Share tips of the week – 22 October

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
22 Oct 2021
Three dividend stocks from the dynamic Asia/Pacific region
Share tips

Three dividend stocks from the dynamic Asia/Pacific region

Professional investor Sat Duhra of the Henderson Far East Income investment trust highlights three of his favourite stocks.
18 Oct 2021
Share tips of the week – 15 October
Share tips

Share tips of the week – 15 October

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
15 Oct 2021
Trading: stash the family cash in this cheap wealth management firm
Trading

Trading: stash the family cash in this cheap wealth management firm

Wealth management is a growth market. Rathbone Brothers should be a prime beneficiary – and looks cheap. Matthew Partridge explains the best way to pl…
12 Oct 2021

Most Popular

How to invest as we move to a hydrogen economy
Energy

How to invest as we move to a hydrogen economy

The government has started to roll out its plans for switching us over from fossil fuels to hydrogen and renewable energy. Should investors buy in? St…
8 Oct 2021
Properties for sale for around £1m
Houses for sale

Properties for sale for around £1m

From a stone-built farmhouse in the Snowdonia National Park, to a Victorian terraced house close to London’s Regent’s Canal, eight of the best propert…
15 Oct 2021
How to invest in SMRs – the future of green energy
Energy

How to invest in SMRs – the future of green energy

The UK’s electricity supply needs to be more robust for days when the wind doesn’t blow. We need nuclear power, says Dominic Frisby. And the future of…
6 Oct 2021