Lazard India is likely to appoint a new chief executive officer for its Indian operations in about a week.
Udayan Bose, chairman, Lazard India, and managing director, Lazard UK, said, "The new CEO will be a banker." He did not give details.
The decision to appoint a new CEO comes after the present incumbent, Ashish Guha, along with two other managing directors, Amit Mukherjee and Sanjay Sakuja, decided to resign with effect from June 30. The trio are leaving the company to pursue individual career paths.
The parting, however, seems to be an amicable one. Bose said all the three had made valuable contributions to the company and he respected their desire to pursue separate careers.
The departure of the trio comes at a time when the company is executing a major mandate from the Centre for the divestment of the Shipping Corporation of India. Sterlite, Videocon and Essar Shipping have submitted expressions of interest for acquiring a 51 per cent stake in the company.
Lazard was the merchant banker for the sale of the A V Birla group's stake in the beleaguered Mangalore Refineries and Petrochemicals to the Oil and Natural Gas Corporation. It also has the mandate for the privatisation of the India Tourism Development Corporation.