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Micromax Chief Executive Vineet Taneja Quits

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Vineet Taneja, chief executive officer of Micromax Informatics, has resigned from his position. With this, the four promoters, who together own about 80% in Micromax, have taken charge of the company as the industry goes through its worst phase in four years.

Taneja, who joined Micromax in July 2014 after heading the cellphone business at Samsung India and stints at Bharti Airtel and Nokia, follows a battery of senior professionals who have moved out of the company in the past two months. Taneja was unreachable for comment. An e-mail sent to Gurgaon-based Micromax did not elicit a response. Read more

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