Prashant Jain, the joint managing director and chief executive of JSW Energy, has quit.
“Prashant Jain has expressed his intention to take early retirement from active professional life to pursue his personal interests and accordingly step down from the position of Joint Managing Director & CEO and as a Key Managerial Person of the Company,” the company said in a stock exchnage filing on Tuesday.
Jain will continue to serve in his current position till January 31, 2024, to support an orderly transition, the company said, adding that a search process for selecting a suitable candidate (both internal or external) has commenced and the outcome of the same will be informed in due course.
The company’s stock ended at Rs 385, about 2.75 % lower than Monday’s close.