Vineet Nayyar resigns from IL&FS board on medical grounds

In the interim, C S Rajan, MD, IL&FS, has been asked to discharge Nayyar’s responsibilities and, in consultation with senior management, put in place a revised organizational structure. Nayyar was appointed the Executive Vice Chairman in 2018 and has been leading the IL&FS resolution, involving over 300 companies, for the last two years with the new board.

from Banking/Finance-Industry-Economic Times https://ift.tt/35c3zdZ