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Wadias to forsake executive roles, remain shareholders


Wadias to forsake executive roles, remain shareholders
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Non-family professionals will be mandated to drive growth and boost shareholder value and recently Jeh Wadia, group chairman Nusli Wadia’s younger son, stepped off executive roles from the boards of Go Air and Bombay Dyeing to be a non-executive director.
The Wadia group did not respond to ET’s request for comment.
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The Wadia family will stay as shareholders in the aviation-to-biscuits conglomerate and not hold any executive roles in group companies as part of a strategic decision taken by the promoters to drive growth and ensure better shareholder returns, a highly placed group official said. Non-family professionals will be mandated to drive growth and boost shareholder value and recently Jeh Wadia, group chairman Nusli Wadia’s younger son, stepped off executive roles from boards of GoAir and ....

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bombay dyeing: Jeh Wadia quits as Bombay Dyeing MD


on Apr 02, 2021)
Mumbai: Eight days after he exited GoAir as its MD, Jehangir (Jeh) Wadia stepped down as the MD of
In a regulatory filing, Bombay Dyeing said Jeh will not be renewing his contract as MD of the company that expired on March 31. The 47-year-old Jeh, the second son of group chairman Nusli Wadia, took over as the MD of Bombay Dyeing on April 1, 2011.
Jeh has relinquished his role as MD at Bombay Dyeing and GoAir while continuing to be its promoter, sources said. It wasn’t immediately clear if he will be inducted in a non-executive director’s capacity at Bombay Dyeing and GoAir. Older brother Ness as well as the senior Wadia are on the board of the two companies. ....

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Jeh Wadia steps down as MD of Bombay Dyeing a week after quitting GoAir


Jeh Wadia steps down as MD of Bombay Dyeing a week after quitting GoAir
Jeh Wadia has stepped down as the managing director of Bombay Dyeing and Manufacturing Company, the flagship firm of Wadia Group confirmed.
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By Express News Service
NEW DELHI: Jeh Wadia has stepped down as the managing director of Bombay Dyeing and Manufacturing Company, the flagship firm of Wadia Group confirmed.
In a regulatory filing, the company said that Jeh, son of industrialist Nusli Wadia, would not be renewing his contract as the managing director that expired on March 31, 2021. The development also comes just a week after he stepped down from the leadership role at GoAir. ....

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Bombay Dyeing and Manufacturing MD Jeh Wadia steps down


Jeh Wadia, whose term expired on March 31, has held the position since April 2011.
In keeping with the objective of professionalisation of the management, Jeh Wadia, MD of The Bombay Dyeing and Manufacturing Company Ltd has stepped down and will not be renewing his contract as Managing Director of the company which has expired on March 31, 2021, the company said in a regulatory filing.
It further said CEO Suresh Khurana and CFO Hitesh Vora would look after the day-to-day management and work under the supervision of Minnie Bodhanwala, a Director of the company.
Besides, the Strategic Committee of the board of directors of the company comprising its Chairman Nusli N Wadia and independent directors ....

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