GoAir today announced that Vinay Dube has ceased to be its CEO, and has been replaced by Kaushik Khona, who returns to the post after nine years.
Vinay Dube, the former CEO of Jet Airways, had joined GoAir in February 2020. Initially, he served as an advisor to the carrier.
“Vinay Dube has ceased to be in the employment of GoAir with immediate effect and hence ceases to be the CEO of the Company,” the airline said on August 14.
The company added that its Nominations & Remuneration Committee and the Board met on Friday, and appointed Khona as CEO with immediate effect.
Kaushik Khona was the CEO of GoAir for two years, from April 2009. He was also Vice President, corporate finance and strategist for the Wadia Group. Khona is currently a partner at M/s. Talati & Talati LLP, involved in areas of business turnaround and restructuring.
GoAir’s statement acknowledges Khona’s contribution, stating he “turnaround several businesses at Dunlop tyre group including at diverse geographies at Germany, UK and India. He also successfully carried out extensive corporate restructuring for a Shipping Venture and a financial and business restructuring for a German – India JV in renewable energy.”
