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BW Businessworld

SpiceJet Falls After Reports Of CEO Exit

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Shares in SpiceJet fall as much as 3.3 per cent after media reports said Chief Executive Neil Mills has resigned more than a year before his contract was due to end. A source familiar with the matter told Reuters that Mills had resigned but was yet to leave the company. The source did not give a reason for Mills' resignation.

Mills, who joined SpiceJet as CEO in 2010, did not answer phone calls. SpiceJet declined comment. SpiceJet shares were trading 3 percent down at Rs 26.55 at 1.05 p.m.

(Reuters)