IndiGo’s Chief Commercial Officer Willy Boulter said he will resign in four months. The announcement came just a day after Chief Financial Officer Jiten Chopra quit the biggest budget airline in Asia by market value.
Boulter’s resignation will be effective mid-July. “That’s a sort of personal decision,” Boulter said in an interview with Bloomberg on Thursday, March 31.
The top management churn at IndiGo, operated by InterGlobe Aviation Ltd., comes after billionaire co-founder Rahul Bhatia was appointed in a newly-created executive role of managing director in February.
Fellow co-founder Rakesh Gangwal also later stepped down from the airline’s board in February and announced his plan to slowly cut stakes over more than five years, ending a yearslong feud with Bhatia.
Boulter, who previously worked with Cathay Pacific Airways Ltd., joined IndiGo in 2018. He headed Russia’s first low-cost carrier Sky Express and worked with Virgin Atlantic Airways Ltd., South African Airways and Etihad Airways.
Sanjay Kumar, the chief strategy and revenue officer of IndiGo will now also head its overseas business. IndiGo is also hiring Vinay Malhotra, former group chief operating officer of VFS Global as head of international sales. Malhotra will report to Kumar.
IndiGo on Wednesday, March 30 appointed Gaurav Negi as the Chief Financial Officer (CFO) in place of Jiten Chopra who has put in his resignation, a statement said.
Before joining IndiGo, Negi spent 22 years with General Electric Company, where he was part of their Global Leadership programmes in finance and executive management, said the InterGlobe Aviation’s statement that was posted on BSE.
Negi had joined IndiGo as Senior Vice President and Head — Governance, Risk and Compliance (GRC) on December 1 last year. With around 53% domestic passenger market share, IndiGo is India’s largest airline.