MAM
Ilker Ayci declines Tata Sons’ offer to be new Air India CEO
Mumbai: Former Turkish Airlines chairman Ilker Ayci has declined Air India’s MD and CEO offer, weeks after appointment. In a statement, Ayic said his appointment was ‘coloured’ by the Indian media, citing it as the reason to opt out.
“I have come to the conclusion that it would not be a feasible or an honourable decision to accept the position in the shadow of such a narrative,” Ayci said in a statement on Tuesday.
Ayci was seen as close to Turkish president Racep Tayyip Erdogan, a Pakistan ally. He used to be the personal advisor to Erdogan in 1994 and had served as the chairman of Turkish Airlines from 2015 till now.
Former chairman of Turkish Airlines Ilker Ayci named Air India CEO
Ayci said that at a recent meeting with Tata Group chairman Chadrasekaran, he ‘regretfully’ informed him that he will be declining the position.
“As a business leader who has always prioritized professional credo and more importantly, the happiness and well being of my family above all else, I have come to the conclusion that it would not be a feasible or an honorable decision to accept the position in the shadow of such narrative,” he said.
Brands
Safex Group appoints Richa Malhotra as group chief financial officer
Former Standard Chartered executive to steer finance
NEW DELHI: Safex Chemicals has appointed Richa Malhotra as group chief financial officer, strengthening its leadership team as the company prepares for the next phase of expansion in specialty chemicals and global agrochemicals.
In her new role, Malhotra will lead the group’s financial strategy, capital architecture and governance framework as Safex scales operations across multiple verticals including branded formulations, specialty chemicals and contract manufacturing.
A chartered accountant and graduate of Shri Ram College of Commerce, University of Delhi, Malhotra brings more than two decades of experience in business finance, strategic planning, corporate banking and client management.
Before joining Safex, she served as executive director, financial markets at Standard Chartered, where she led teams across India and Sri Lanka and worked closely with large corporates, global subsidiaries and commercial banking clients. Her expertise includes capital structuring, treasury operations, risk management and financial markets led financing solutions.
Safex Group promoter director and joint managing director Piyush Jindal, said the appointment comes at a pivotal time for the company. “Safex stands at an inflection point as we build an integrated platform across branded formulations, specialty chemicals and contract manufacturing. Richa’s experience across global financial institutions will strengthen our financial discipline and help unlock value across the group,” he said.
Malhotra said she was looking forward to contributing to the company’s next chapter of growth. “Safex has built a strong reputation over 35 years with its focus on integrity, innovation and agricultural insight. I am excited to be part of the organisation as it expands its footprint in India and global markets,” she said.
The appointment comes as Safex continues to strengthen its financial foundations and scale operations internationally, positioning itself for future growth milestones.
