- January 22, 2024
Ex IndiGo & Udaan CFO Aditya Pande to be InterGlobe Enterprises’ CEO from March 1 | India Business News – Times of India
NEW DELHI: IndiGo former CFO Aditya Pande will be the airline’s parent company InterGlobe Enterprises’s (IGE) group CEO from March 1, 2024. Pande quit Udaan as CFO on Monday adding to the growing list of top-level executives who have left the B2B e-commerce startup in the last few months.
With the exception of the airline, Pande “will have overall responsibility for setting IGE’s strategic agenda and to oversee and continue to strengthen the leadership of the company’s line businesses and the corporate staff functions,” IGE said in a statement.
Pande will report to IGE promoter Rahul Bhatia, and all the existing direct reports would report to him. IGE stake in IndiGo was 37.75% stake at the end of last December quarter, as per BSE filings. IGE is part of promoter group stakeholders in IndiGo that includes Rahul Bhatia among others.
Pande was appointed IndiGo CFO in August 2019 and he quit that position about three years back. Then he joined Udaan and is now going to in IGE. A senior professional with diverse experience of over 25 years, he has held business strategy and finance roles in various companies like General Electric and Arthur Andersen. “…Aditya brings with him rich experience of engaging with business partners, investors, and analysts…. This imperative move by InterGlobe is to strengthen its current Leadership team as it moves ahead with its ambitious and diversified global plans,” IGE statement said.
IGE is an Indian travel conglomerate involved in aviation (IndiGo), hospitality, logistics, airline management, travel commerce, advanced pilot training, and aircraft maintenance engineering. InterGlobe, through its various businesses, employs more than 58,000 professionals across 120 cities globally.
With the exception of the airline, Pande “will have overall responsibility for setting IGE’s strategic agenda and to oversee and continue to strengthen the leadership of the company’s line businesses and the corporate staff functions,” IGE said in a statement.
Pande will report to IGE promoter Rahul Bhatia, and all the existing direct reports would report to him. IGE stake in IndiGo was 37.75% stake at the end of last December quarter, as per BSE filings. IGE is part of promoter group stakeholders in IndiGo that includes Rahul Bhatia among others.
Pande was appointed IndiGo CFO in August 2019 and he quit that position about three years back. Then he joined Udaan and is now going to in IGE. A senior professional with diverse experience of over 25 years, he has held business strategy and finance roles in various companies like General Electric and Arthur Andersen. “…Aditya brings with him rich experience of engaging with business partners, investors, and analysts…. This imperative move by InterGlobe is to strengthen its current Leadership team as it moves ahead with its ambitious and diversified global plans,” IGE statement said.
IGE is an Indian travel conglomerate involved in aviation (IndiGo), hospitality, logistics, airline management, travel commerce, advanced pilot training, and aircraft maintenance engineering. InterGlobe, through its various businesses, employs more than 58,000 professionals across 120 cities globally.
