Top Management Change at JSW Group Responsible for the CIO and HR Head to Quit

June 10, 201610:36 am1534 views

If sources are to be believed, JSW Group’s CIO Nikhil Chaturvedi and HR head Yugesh Goutam have quit the Sajjan Jindal-led conglomerate just before heir apparent Parth Jindal joins the business.

Chaturvedi joined the JSW Group as Vice President and CIO in 2014, prior to which he has spent more than 8 years at SAP Asia based in Singapore, leading the company’s energy and resource sector covering Asia Pacific and Japan markets. Chaturvedi is a Bachelor in Technology (B.Tech) from Indian School of Mines and hold a MBA degree in Finance from Jamnalal Bajaj Institute of Management Studies.

While Parth Jindal has been actively involved in hiring both these senior managers, sources familiar with the matter told Economic Times India that Goutam had differences of opinion with the management.

“In a large and growing conglomerate like JSW attrition of employees is not unusual and the attrition rate is well within industry parameters,” a spokesperson told the media. “Yugesh Goutam served JSW Group as president-HR for around two years. He has chosen to move on for entirely personal reasons. Attributing any other reason to his (or any other employee’s) exit is misleading and mischievous.”

The legal heir of the JSW Group, Parth Jindal possesses keen interest in technology, cement, sports and is expected to join the company towards the end of June. Goutam will join pharma major Lupin as president, Global Human Resources. Goutam will be responsible Lupin and its subsidiaries worldwide as its global head of HR. Not much inputs on Chaturvedi’s exit and his planned next move has been revealed to the media.

 

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