Managing Director of Anand-based Amul Dairy K Rathnam has resigned. The resignation has been accepted in a board meeting, said media reports quoting the Milk Cooperative's Chairman Ramsinh Parmar.
Rathnam's resignation came amid allegations of a Rs 450-crore corruption in allocation of tenders and recruitment at Amul Dairy, also known as Kaira District Co-operative Milk Producers Union Limited (KDCMPUL).
However, Parmar, according to reports, said that Rathnam has resigned due to personal reasons and it has nothing to do with the alleged corruption.
A statement issued by Amul Dairy said Jayen Mehta, Senior General Manager (planning and marketing), has been appointed as in-charge MD of Amul Dairy.
The statement mentioned that Parmar has refuted allegations of corruption as "perpetuated by rumour-mongers."
Rathnam (55) reportedly told reporters that he resigned as he wanted to spend time with family living in Tamil Nadu and the United States.
"I have been thinking of resigning for some time now," he was quoted as saying in some reports.
"I have worked for Amul for 22 years, and want to do something for myself in the next 10-15 years. I want to spend time with family members residing in the US and Tamil Nadu," he reportedly said.
Kartikeya Sharma says that June has been the best month for sales in the 11 years that the brand has been in India
The newly appointed CEO of ZEE5 on how he aims to have the widest appeal in the OTT space amongst Indian consumers
The VP, Marketing and Communications (South Asia), talks about the company's growth strategy, its focus areas, impact of demonetisation on consumer behaviour and much more
Siju Prabhakaran, South Cluster Head, Zee Entertainment Enterprises Limited, talks about channel's rebranding, extending fiction shows to weekends and much more
By acquiring 21st Century Fox, Disney will have an immensely powerful content portfolio, adding to an already impressive assemblage which includes Marvel, Pixar and Lucasfilm.
The companyâ€™s revenue dropped by 7 per cent at Rs 542.3 crore
With a plethora of books on the marketing and advertising arena being unveiled, the biggest reason this one shines is for the brutal candour with which it is told