Jubilant FoodWorks CEO Ajay Kaul resigns

Posted on:20 Sep 2016 18:12:11
Jubilant FoodWorks CEO Ajay Kaul resigns
20 September 2016 Current Affairs: Ajay Kaul has resigned as the Chief Executive Officer (CEO) of Jubilant FoodWorks Limited on 19 September 2016. However, Kaul will continue in his current role till March 2017.

Kaul's resignation came at a time when Jubilant Foodworks, which is the master franchisee of Domino's and Dunkin' Donuts in India, reported decline of 3.2 percent in its same-store sales growth (SSG) for the first quarter of financial year 2016-17.

Ajay Kaul : Ajay Kaul joined the Board of Directors of Jubilant FoodWorks as Chief Executive Officer cum Whole Time Director in March 2005. He holds a bachelor’s degree in technology from Indian Institute of Technology, Delhi and a masters’ degree in business administration from XLRI, Jamshedpur. He has experience in industries such as financial services, airlines, express distribution and logistics and food retail.

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