For­tis CEO Bhavdeep Singh quits

Financial Chronicle - - MONEY GAME - FC BUREAU

The chief ex­ec­u­tive of­fi­cer of For­tis Health­care, Bhavdeep Singh has stepped down on Thurs­day but will con­tinue in his cur­rent ca­pac­ity till a suc­ces­sor is found.

Singh has re­signed from his po­si­tion by com­mu­ni­ca­tion dated Novem­ber 8. The board of di­rec­tors of the com­pany has con­sid­ered and ac­cepted his res­ig­na­tion, For­tis Health­care said in a reg­u­la­tory fil­ing.

“At the re­quest of the board, Singh has agreed to con­tinue in his cur­rent ca­pac­ity till such time his suc­ces­sion plan­ning is crys­tallised,” the fil­ing added. The devel­op­ment came nearly four months af­ter the cri­sis-hit health­care chain was ac­quired by Malaysia’s IHH Health­care. IHH Health­care had agreed to in­vest Rs 4,000 crore in For­tis by al­lot­ment of shares.

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