Krishnamurthy had joined Flipkart in June 2017 as the Head of Category Design Organisation. He came over to the e-commerce giant from Tiger Global, a New York-based investment firm, which is also Flipkart’s largest investor.
AirAisa is a joint venture with AirAsia Berhad holding 49 per cent stake in the airline, Tata Sons holding 40.06 per cent stakes and Arun Bhatia holding the remaining 10 per cent through his company, Telestra Tradeplace.
Six Tata Group companies, namely Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Power, Tata Chemicals and Indian Hotels Company (IHCL), have convened EGMs to remove Mistry as Director from their respective boards.
In August 2016, Bain had celebrated his six-year anniversary at Twitter. Over his time at the company, he helped build Twitter’s ad efforts from the ground up. He was once considered a top candidate to be the chief executive of the company before Jack Dorsey got the job.
Hussain succeeds Cyrus Mistry, who was ousted from the position of the company’s Chairman on 23 October 2016 by the board of Tata Sons Ltd. At that time, the board appointed Ratan Tata as the Interim Chairman of the group until another suitable candidate was chosen.
On the other hand, the company re-elected Mari-Noëlle Jego-Laveissiere, Executive Vice President, Innovation, Orange Group as Deputy Chairman. It also elected the new members of the 26-member Board of the company.