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Maytas Infra CEO resigns

January 19, 2009 17:15 IST

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Maytas Infrastructure Chief Executive Officer P K Madhav has resigned from the company, according to the information available on the Bombay Stock Exchange.

'P K Madhav, the whole time director and chief executive officer of Maytas Infra Ltd, tendered his resignation from directorship as well as CEO of the company owing to personal reasons,' Maytas said in a filing to BSE.

Maytas Infra, promoted by the family of disgraced Satyam [Get Quote] founder B Ramalinga Raju, has been hitting headlines ever since the IT firm announced a deal to acquire the company, which was later called off following strong opposition by investors.

Earlier this month, Maytas Infra's Non-executive Director and Chairman R C Sinha had resigned from the company.

Maytas Infra's board of directors include R P Raju (independent director), B Teja Raju (vice chairman) and Chander Sheel Bansal (whole time director).

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