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MakeMyTrip announces new CEO
MakeMyTrip co-founder Deep Kalra is stepping down as group CEO with fellow co-founder of the company Rajesh Magow replacing him.
Magow has been in charge of the core India market and now takes over the entire business.
Kalra will continue as executive chairman.
"We believe separating the roles of Group CEO and executive chairman will allow us to focus more on long-term strategic opportunities within and outside India," Kalra said.
"I have utmost confidence in Rajesh’s capabilities in his elevated role to drive the next phase of growth for the Group through its three strong brands, MakeMyTrip, Goibibo and Redbus. In this role, he will continue to work closely with me."
MMT says the transition will allow Kalra to devote full time to strategic initiatives for MakeMyTrip including product and corporate development, innovation and expansion.
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