Vineet Taneja has formally resigned from his position as chief executive officer of home grown brand Micromax Informatics. “Vineet has moved on to pursue other interests. We would like to thank him for his contribution and wish him good luck,” a spokesperson from Micromax was quoted by the Economic Times as saying .
The company wasn’t directly available for comment on the latest chain of events. But, the exit seems to be a definite this time round. To recall, there were similar reports back in January as well . Taneja was said to be finding it difficult to implement his vision for the company as his ideas were apparently clashing with those of its promoters, namely Rahul Sharma, Rajesh Agarwal, Vikas Jai and Sumeet Kumar. There were reports that they were possibly encroaching on the role that Taneja was supposed to play as well. We have reached out to Micromax for a comment on this.
The company has so far not disclosed Taneja’s replacement for the near term, as well as future endeavors.
Taneja – who had joined Micromax in July 2014 – has had a prolific career, heading the cellphone business at Samsung India as well as working for Bharti Airtel and Nokia earlier. His exit marks a long list of high-profile departures from the company, which started off with Chairman Sanjay Kapoor. Kapoor resigned in August last year. He was reportedly forced out of his job on account of alleged inflated petrol bills.
Even though, Micromax continues to be the second biggest smartphone company in the country, it has been facing some stiff competition from the likes of Chinese companies like Xiaomi and Lenovo. The company known for its affordable phones recently took the plunge into the premium category through its YU sub-brand.
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