Quess Corp: The resignation of Suraj Moraje, Group CEO and board member of India’s largest staffing company Quess Corp, has become effective from February 10. Meanwhile, the company has also appointed COO India Region Guruprasad Srinivasan to this post. He has been appointed for three years.
Srinivasan is in the company since 2007
Srinivasan joined the company in 2007 and has been the Chief Operating Officer since July 2019. Chairman Ajit Isaac said in a statement, “We are delighted to bring someone from within the company to the fore as the new ED and CEO of the company. Guru is one of our founding members. He has led the business to Quess in an era of growth and consolidation. His excellent track record makes him the best choice to transform our business and shape our culture. Their priorities include increasing our market share, increasing margins through technology adoption and creating value for our shareholders in our digital assets.”
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He said, “We are extremely grateful to Sooraj for his transformational leadership. He produced excellent results for Quess during his tenure, and best wishes to him as he pursues other interests outside of Quess.”
Moraje’s statement
Commenting on the change, Moraje said in a statement, “It is an honor to lead the stellar team at Quess and to work alongside the Board’s guidance on the company’s transformation. Congratulations to my fellow mentor, he is an extraordinary choice to take the company to new heights in the years to come.”
ED Srinivasan, Group CEO and Quess Corp, said, “I am privileged to assume the reins of Quess Corp at a wonderful time for this industry. Quess is a special institution for me.”
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With this appointment, there are signs of continuity and stability, as the company’s business has been doing well despite the company’s pandemic.
Moraje resigned due to differences
Moneycontrol first reported the developments on February 9. Moneycontrol had quoted sources as saying that Suraj Moraje, CEO and board member of Quess Corp Group, may step down today. The reason for this was said to be differences of strategy between him and founder Ajit Isaac. It had been less than two years since Moraje joined the company.
A source with knowledge of the matter had told that the reason for Moraje’s leaving the company is the difference of strategy between Isaac and them. According to the source, “Quess Corp’s strategy is to expand aggressively and grow its business in different businesses. While Moraje wanted to grow the business better from the loss-making business.”
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