Micromax CEO Vineet Taneja has officially resigned from the company following a report in January earlier this year. Taneja had joined Micromax in June 2014 from Samsung India where he served as country Head for IT & Mobile businesses. Prior to Micromax and Samsung, he had previously served in Bharti Airtel, Nokia India (between January 2008 to April 2010) and Hindustan Lever.
“Vineet has moved on to pursue other interests. We would like to thank him for his contribution and wish him good luck,” a Micromax spokesperson told ET. This is not the first executive that has put his papers at Micromax as a bunch of other senior officials have also exited the company in past two months. Last year, Sanjay Kapoor stepped down as Micromax Chairman.
The latest leadership changes are happening as the four promoters of the homegrown smartphone maker are gearing up to take control of the company. As per a previous report, the promoters are dropping the idea of appointing a top executive and are willing to take the entire charge of the company including day to day operations. Micromax recently became the third largest smartphone player in Russia. However, the company is struggling to maintain a top position in India owing to a tough competition from a large number of Chinese smartphone makers.