Parul
In an abrupt move, Arjun Mohan, who was elevated as the embattled edtech firm Byju’s CEO just about seven months back, has quit to pursue other opportunities, the company confirmed on Monday.
The company’s Co-founder and CEO Byju Raveendran will take a more hands-on approach in spearheading the daily operations of the company after Mohan’s resignation, who will be part of the edtech firm in an “external advisory role”.
The move is aimed at streamlining the operations and positioning the company for “long-term success”.
“Mohan has done an outstanding job steering Byju’s through a challenging period. We are grateful for his leadership and look forward to his continued contributions as a strategic advisor,” Raveendran said.
The company has now decided to consolidate its business into three “focused” divisions — The Learning App, Online Classes & Tuition Centres, and Test-prep.
Each of these units will have separate leaders who will independently run the businesses sustainably to ensure profitability, said the company.
