Kumar, Pai not to renew advisory role with Byju's

1 year ago 20

MUMBAI: Former SBI chairman

Rajnish Kumar

and former CFO of Infosys

Mohandas Pai

are stepping down from Byju's

advisory council

.
In a statement on Sunday, the troubled edtech firm said that company and advisory board members Kumar and Pai have mutually decided not to renew the contractual agreement scheduled to end on June 30, 2024.
Byju's had constituted the council last year to assuage investor concerns following a series of

financial and corporate governance lapses

at the firm.

The council was tasked with advising and mentoring

Byju's

board and CEO Byju Raveendran.
"Our engagement with the company as advisors was always on a fixed term basis for a year. Based on our discussions with the founders, it was mutually decided that the tenure of the advisory council should not be extended. Though the formal engagement concludes, the founders and the company can always approach us for any advice," Kumar and Pai said in a joint statement.

Article From: timesofindia.indiatimes.com

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