{"id":363590,"date":"2023-09-02T10:12:00","date_gmt":"2023-09-02T10:12:00","guid":{"rendered":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/09\/02\/believe-right-thing-to-do-uday-kotak-resigns-as-kotak-mahindra-ceo-2\/"},"modified":"2023-09-02T10:12:00","modified_gmt":"2023-09-02T10:12:00","slug":"believe-right-thing-to-do-uday-kotak-resigns-as-kotak-mahindra-ceo-2","status":"publish","type":"post","link":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/09\/02\/believe-right-thing-to-do-uday-kotak-resigns-as-kotak-mahindra-ceo-2\/","title":{"rendered":"&#8220;Believe Right Thing To Do&#8221;: Uday Kotak Resigns As Kotak Mahindra CEO"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div itemprop=\"articleBody\" id=\"ins_storybody\"><!-- \n\n<div itemprop=\"articleBody\" class=\"sp-cn ins_storybody\" id=\"ins_storybody\">--><\/p>\n<div class=\"ins_instory_dv\">\n<div class=\"ins_instory_dv_cont\"><img decoding=\"async\" title=\"'Believe Right Thing To Do': Uday Kotak Resigns As Kotak Mahindra CEO\" alt=\"'Believe Right Thing To Do': Uday Kotak Resigns As Kotak Mahindra CEO\" id=\"story_image_main\" src=\"https:\/\/c.ndtvimg.com\/2021-05\/4p544cas_uday-kotak_625x300_26_May_21.jpg?im=FeatureCrop,algorithm=dnn,width=650,height=400\"\/><\/div>\n<p class=\"ins_instory_dv_caption sp_b\">Banker Uday Kotak has resigned as CEO and Managing Director of Kotak Mahindra Bank.<\/p>\n<\/div>\n<p><b class=\"place_cont\">New Delhi: <\/b><\/p>\n<p>Banker Uday Kotak has resigned as CEO and Managing Director of Kotak Mahindra Bank.<\/p>\n<p>In a letter to Prakash Apte, Chairman of the Board of Directors, Mr Kotak said he has resigned &#8220;with immediate effect&#8221; though he still has a few months to go.<\/p>\n<p>&#8220;I have mulled over this decision for some time and believe this is the right thing to do,&#8221; Mr Kotak said in the letter.<\/p>\n<p>&#8220;Succession at Kotak Mahindra Bank has been foremost on my mind, since our Chairman, myself and Joint MD are all required to step down by year-end. I am keen to ensure smooth transition by sequencing these departures. I initiate this process now and step down voluntarily as CEO,&#8221; he said.<\/p>\n<p>Meantime, the current joint MD Dipak Gupta will function as MD and CEO, subject to approvals.<\/p>\n<p>&#8220;As founder, I am deeply attached to brand Kotak and will continue to serve the institution as non-executive director and significant shareholder. We have an outstanding management team to carry the legacy forward. Founders go away, but the institution flourishes into perpetuity,&#8221; Mr Kotak said.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">My letter is attached <a href=\"https:\/\/t.co\/vcSIEcvy2r\">pic.twitter.com\/vcSIEcvy2r<\/a><\/p>\n<p>\u2014 Uday Kotak (@udaykotak) <a href=\"https:\/\/twitter.com\/udaykotak\/status\/1697905726759293354?ref_src=twsrc%5Etfw\">September 2, 2023<\/a><\/p><\/blockquote>\n<p>Mr Kotak has led the group in a broad range of financial services for 38 years. He has said he believes the true measure of performance is sustainable value creation.<\/p>\n<p>The group&#8217;s vision for equitable prosperity also extends beyond financial services. The group via Kotak Education Foundation works with some of India&#8217;s most economically underprivileged communities, attempting to alleviate poverty through education and livelihood programmes.<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.ndtv.com\/india-news\/uday-kotak-resigns-as-the-ceo-and-managing-director-of-kotak-mahindra-bank-4351324\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Banker Uday Kotak has resigned as CEO and Managing Director of Kotak Mahindra Bank. New Delhi: Banker Uday Kotak has resigned as CEO and Managing Director of Kotak Mahindra Bank. In a letter to Prakash Apte, Chairman of the Board of Directors, Mr Kotak said he has resigned &#8220;with immediate effect&#8221; though he still [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":363591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[431289,16496,32981],"_links":{"self":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/363590"}],"collection":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/comments?post=363590"}],"version-history":[{"count":0,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/363590\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media\/363591"}],"wp:attachment":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media?parent=363590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/categories?post=363590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/tags?post=363590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}