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Deccan 360 CEO by this month-end

Financial Chronicle

By PTI Jun 20 2010 , Mumbai

G R Gopinath-promoted air-cargo venture Deccan 360 is likely to finalise the name of its new Chief Executive Officer (CEO) by this month-end.

The company, in which Mukesh Ambani-led Reliance Industries is a strategic investor through a stake-purchase, does not have a CEO since the then incumbent, Jude E Fonseka, a Sri Lankan settled in Australia, quit the job.

"We are talking to a few (prospective candidates). A decision on the final candidate is expected shortly ... In the next 15 days," Gopinath, the Chairman of Deccan 360 told PTI.

Both Indians as well as expats have been interviewed for the post, he said.

On the phasing out of expats from his cargo venture, Gopinath denied that the move was a part of cost-cutting maesures

The move to hire expats was a matter or policy and a deliberate one, he said.

"We had a lot of expats with us in the company as it was a new venture. Typically expats are required when you start a new business. They are taken for a particular period, say for 2-3-years or so with a view to groom Indians and pass on their expertise to them," he said.

Around 10-12 expats who left the company in the last one year had done so on expiry of their contracts, Gopinath said.

Deccan 360 works on a hub-and-spoke model, using Nagpur as the hub and is operating across 17 airports in the country.

It has appointed national service providers on a franchisee model and has so far set up 80 service centres and eight surface hubs to service operations.

Deccan 360 has eight freighter aircraft, including Airbus A310s and ATRs, supported by a fleet of over 1,000 vehicles and a nationwide warehousing.


“We have been very happy with the services of Deccan 360. The initial hiccup in delivering shipments to our warehouse in the interiors of Derabassi district in Patiala was smoothly sorted with the intervention”.

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