Lava MD Sunil Raina and CFO Rajesh Sethi Quit as Smartphone Maker Seeks Turnaround
· Business · Moneycontrol
Lava International Managing Director Sunil Raina and Chief Financial Officer Rajesh Sethi have resigned from the homegrown smartphone maker. The leadership exits occur as the company attempts a strategic business turnaround amid competitive pressures in the Indian mobile market. Both executives played central roles in steering the brand's domestic manufacturing and market operations. The company has not yet announced permanent successors for the vacant leadership positions.
Why it matters
The simultaneous departure of two top executives creates a leadership vacuum at a critical juncture for one of India's few remaining domestic smartphone manufacturers.
Read the original report — Moneycontrol
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