Ibibo Group Founder and MakeMyTrip President Ashish Kashyap resigns

Ibibo Group Founder and MakeMyTrip President Ashish Kashyap resigns

Ibibo group CEO and co-founder Ashish Kashyap has resigned from his position as President of MakeMyTrip Ltd. The Gurugram-based online travel company’s Group CEO Deep Kalra has accepted his resignation, which will come into effect from September 30, 2017. The resignation comes just a few months after the completion of the MakeMyTrip-Ibibo merger deal.

Ibibo Group has entered into a separation agreement with Ashish Kashyap. This agreement provides among other things, final settlement of dues and benefits. According to the official statement, Kashyap has agreed to a non-compete and non-solicitation obligation for a period of two years ending on September 30, 2019.

For the neophytes in legal issues, a Non-Solicitation clause restricts individuals and organisations from soliciting (a) employees, (b) customers, or (c) business opportunities from another company or organisation for a period of time. There has been no announcement yet on Kashyap’s successor in MakeMyTrip as well as his plans ahead.

“Ashish Kashyap has made immense contribution in bringing the MakeMyTrip-Ibibo deal to fruition and setting a strong foundation for the future success of the combined group. At this juncture, I respect his passion for creating and nurturing new and innovative ideas and we wish him the best for the future,” said Deep Kalra in an official statement.

You might also like

Latest

The Czech Republic strengthens promotional activities in India, forays into the Middle East market

H.E. Mr. Milan Hovorka, Czech Ambassador in India together with Monika Palatková, Managing Director of Czech Tourist Authority – Czech Tourism and Vinay Malhotra, COO, VFS Global – South Asia

Destinations

Lords Inn – Vadodara pledges to save the earth on World Environment Day

Carries out rally to raise awareness on environment protection; plants & distributes saplings to locals. On the occasion of World Environment Day 2018 Revival Lords Inn, Vadodara’s premium mid-market business

HR News

Sabre names Daver Ka Fai Lau as regional director for Sabre Travel Network North Asia

Sabre Corporation (NASDAQ: SABR) has named Daver Lau regional director for Sabre Travel Network North Asia. Reporting to newly appointed Sabre Travel Network Asia Pacific vice president of sales and market development Todd Arthur, Daver