By Standard reporter
Mr Sarvjeet Channa has resigned from the Standard Group after serving for four-and-a-half years.
Mr Channa, who was Group Chief Operating Officer (GCOO), was a key pillar in the transformation of the Group, having joined as the Finance and Commercial Director before rising to become GCOO.
In a statement on Monday, Standard Group Deputy Chairman and Chief Executive Paul Melly said the board would meet shortly to agree on a process of competitive recruitment of his successor.
Said Mr Melly: “ Channa has been a key pillar in the transformation (of the business) and it is therefore regrettable that he is leaving at a time when we have been working on a strategic reorientation for future growth and influence on the success we have thus far achieved.”