Akhilendra Kumar is taking over leadership of Unacademy following the departure of Gaurav Munjal from the chief executive post. The transition occurs just over two months after the edtech firm was acquired by Ronnie Screwvala-led UpGrad. The move accelerates an original September agreement that initially projected Munjal staying in the chief executive role for at least two years. In his new position as executive chairman, Munjal will continue handling daily operations to ready UpGrad for an initial public offering.
Key points
Munjal will remain actively involved in daily operations alongside Kumar despite vacating…: Munjal will remain actively involved in daily operations alongside Kumar despite vacating the chief executive office.
The new executive pairing will primarily focus on driving company profitability following…: The new executive pairing will primarily focus on driving company profitability following the acquisition by UpGrad.
Leadership efforts will center on operational alignment to prepare for UpGrad's proposed…: Leadership efforts will center on operational alignment to prepare for UpGrad's proposed initial public offering.
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Bengaluru: Unacademy cofounder Gaurav Munjal has moved from chief executive to executive chairman, handing over leadership of the edtech firm to chief business officer Akhilendra Kumar, just over two months after Ronnie Screwvala-led UpGrad acquired the firm.The transition comes earlier than expected per the contours of the September transaction, which had envisaged Munjal continuing as CEO of Unacademy's businesses within UpGrad for at least
Gaurav Munjal steps down as Unacademy CEO, Akhilendra Kumar takes over
Synopsis
The transition comes earlier than expected per the contours of the September transaction, which had envisaged Munjal continuing as CEO of Unacademy's businesses within UpGrad for at least two years. Munjal said on Wednesday that he would continue to be involved in daily operations and work with Kumar on profitability and UpGrad's proposed initial public offering (IPO).
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