Srei Infrastructure Finance (Srei) on Wednesday said its chief executive officer (CEO) Rakesh Kumar Bhutoria has resigned, mainly on account of the salary payment issue that has impacted team morale.
“We wish to inform you that Rakesh Kumar Bhutoria has stepped down from the position of the Chief Executive Officer of the company to explore alternative sectors,” Srei Infra said in a regulatory filing.
Considering the salary payment issues arising out of the Trust and Retention Account (TRA) operationalised by the bankers, it has been impacting team morale, it added.
“Bhutoria has been relieved with effect from close of working hours on 15th September, 2021. We will shortly be announcing a replacement for the said position,” it said further. He had joined Srei Infra in November 2018.
