Deepinder Goyal to step down as Eternal Group CEO & MD
New Delhi (PTI): Eternal on Wednesday said Deepinder Goyal will step down as Group CEO and Managing Director with Blinkit CEO Albinder Dhindsa set to succeed him as Group CEO from February 1.
In a letter to shareholders, Goyal said he is stepping down from his current position to pursue new ideas and transition to the role of Vice Chairman.
Eternal informed exchanges that the appointment of Goyal as Vice Chairman & Director on the board will be effective upon shareholders' approval for a five-year term.
In the letter, Goyal explained the reason behind him stepping down as the Group CEO and MD.
"Of late, I have found myself drawn to a set of new ideas that involve significantly higher-risk exploration and experimentation. These are the kinds of ideas that are better pursued outside a public company like Eternal. If these ideas belonged inside Eternal's strategic scope, I would have pursued them within the company. They do not. Eternal deserves to remain focused, and disciplined, while exploring new areas of growth that are relevant to its current line of business," Goyal stated.
He further said the transition allows Eternal to remain sharply focused, while giving him the space to explore ideas that do not fit Eternal's risk profile.
"The centre of gravity for operating decisions moves to Albi. As Group CEO, he will own day-to-day execution, operating priorities, and business decisions. Blinkit's journey from acquisition to break-even happened under his leadership," Goyal said.
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No confusion in BJP-JD(S) alliance: Kumaraswamy
Bengaluru (PTI): Union Minister H D Kumaraswamy on Saturday dismissed speculation over confusion in the BJP-JD(S) alliance, asserting that there was clarity within them and that discussions on the chief minister post were premature.
Addressing reporters at the party's state office, JP Bhavan, after chairing a preparatory meeting for the Greater Bengaluru Authority (GBA) elections, he said the immediate priority was to remove what he termed an "anti-people government" in the state and to strengthen the alliance to face upcoming polls.
"This is not the time to discuss who should become the chief minister. There is still time for that. If we speak about it now, it would be like stitching the cradle even before the baby is born," Kumaraswamy said, underlining that leadership questions would be taken up at an appropriate time.
The JD(S) second-in-command said there is still a lot of work to be done and it was not appropriate to speak about such matters now.
"On the issue of alliance, both I and our party are open-minded. When the time comes, we will discuss it on the party platform and take a decision. There is no confusion regarding the alliance, and there will be no confusion in the future. This is my stand," Kumaraswamy said.
"There is a bad government in the state. My objective is to remove it and bring in a pro-people government. Removing this corrupt and bad government is my agenda. The JD(S) and BJP parties will work together to accomplish this task," he added.
Reiterating his stand, Kumaraswamy said, "My objective is to remove the anti-people government in the state. I have been saying this from the beginning."
On reports of internal differences over the alliance and the CM's position, the union minister said he would not respond to every statement made by individuals.
"Some people are speaking about the alliance and the chief minister's position. I do not feel the need to respond to them. If I start answering each of them, people may think I lack maturity. Therefore, I will not speak about it. We will strengthen the alliance together, face the elections together, and bring a pro-people government," he said.
Kumaraswamy added that discussions within parties were natural and not final.
He said there were still two years left for the Assembly elections while there were four to five months left for the local body elections.
The union minister said the JD(S) is also preparing for the municipal elections in Bengaluru city just as other parties.
He clarified that there had been no discussions so far between the two parties specifically on local body or GBA elections.
Earlier, the JD(S) leader chaired a meeting with Members of the Legislative Council, former MLAs and other leaders of his party to review preparations for the GBA elections.
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