Kingfisher board approves Mallya as Chairman

Private carrier Kingfisher Airlines said its board has approved the appointment of Vijay Mallya as Chairman and CEO of the company and GR Gopinath as the Non-Executive Director and Vice Chairman.

Private carrier Kingfisher Airlines on Thursday said its board has approved the appointment of Vijay Mallya as Chairman and CEO of the company and GR Gopinath as the Non-Executive Director and Vice Chairman.

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"Vijay Mallya has been appointed as Managing Director of the company and designated as Chairman and CEO," Kingfisher Airlines said in a filing to the Bombay Stock Exchange.

The board of directors of Kingfisher Airlines at its meeting yesterday, approved the said appointments and has also accepted the resignation of GR Gopinath's from his executive position as Managing Director of the company and accepted his continuation as the Non-Executive Director and Vice Chairman.

Meanwhile, the resignations of Jayanth K Poovaiah, NS Narahari, SN Ladhani, PN Thirunarayana, Bala Deshpande and Hitesh Patel as Directors of the company were also noted, the filing added.

Piyush Mankad, Diwan Arun Nanda, Naresh Trehan and GN Bajpai were co-opted as Additional Directors on the company's board to hold office until the ensuing annual general meeting.

Besides, KJ Samuel's resignation from his executive position as Executive Director and continuation as Non-Executive Director of the company was noted and approved and A Raghunathan has been designated as the Chief Financial Officer in place of Ramki Sundaram.