Nithin Bagamane quits as Coffee Day Enterprises COO
By Retail4Growth Team | July 16, 2020
Bagamane was appointed as Interim Chief Operating Officer and member of the Executive Committee of the Coffee Day Enterprises Ltd (CDEL) last year in July after the demise of its promotor V G Siddhartha
Coffee Day Enterprises Ltd Interim Chief Operating Officer Nithin Bagamane has resigned from the company citing personal reasons. His resignation is effective from July 14, 2020.
Bagamane was appointed as Interim Chief Operating Officer and member of the Executive Committee of the Coffee Day Enterprises Ltd (CDEL) last year in July after the demise of its promotor V G Siddhartha, according to a PTI report.
“Due to personal reasons, Nithin Bagamane might not be able to devote his full-time and service to the company and hence served his resignation as Interim Chief Operating Officer,” CDEL said in a regulatory filing.
Nithin Bagamane will continue as a member of the Executive Committee and help the company. According to CDEL, Bagamane was entrusted with the limited task of divesting the real estate subsidiary, Global Village and Tanglin Development, to Blackstone Group.
