MUMBAI: Former SBI chairman Rajnish Kumar and former CFO of Infosys Mohandas Pai are stepping down from Byju’s advisory council.
In a press release on Sunday, the troubled edtech agency stated that firm and advisory board members Kumar and Pai have mutually determined not to renew the contractual settlement scheduled to finish on June 30, 2024.
Byju’s had constituted the council final 12 months to assuage investor issues following a collection of monetary and company governance lapses on the agency.The council was tasked with advising and mentoring Byju’s board and CEO Byju Raveendran.
“Our engagement with the company as advisors was always on a fixed term basis for a year. Based on our discussions with the founders, it was mutually decided that the tenure of the advisory council should not be extended. Though the formal engagement concludes, the founders and the company can always approach us for any advice,” Kumar and Pai stated in a joint assertion.
In a press release on Sunday, the troubled edtech agency stated that firm and advisory board members Kumar and Pai have mutually determined not to renew the contractual settlement scheduled to finish on June 30, 2024.
Byju’s had constituted the council final 12 months to assuage investor issues following a collection of monetary and company governance lapses on the agency.The council was tasked with advising and mentoring Byju’s board and CEO Byju Raveendran.
“Our engagement with the company as advisors was always on a fixed term basis for a year. Based on our discussions with the founders, it was mutually decided that the tenure of the advisory council should not be extended. Though the formal engagement concludes, the founders and the company can always approach us for any advice,” Kumar and Pai stated in a joint assertion.
