Jangoo Dalal, MD and CEO, D-Link India has resigned from the company. Dalal
announced his decision at the company's annual distributor gathering held in
Mumbai on May 22, 2009.
A D-Link regional partner, who attended the distributor meet, said that Dalal
announced his plans to join a financial institution which is into the mutual
funds business. “This news did come as a surprise to us, because we thought that
with the de-merger of D-Link India and Digilink, he would have played an even
more important role in the latter organization,” shared a partner on condition
of anonymity.
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| Jangoo Dalal |
Dalal joined D-Link in May 2007, prior to which he was President-India and
SAARC, Cisco.
According to sources, the company will now be spearheaded by KR Naik, CMD,
D-Link India. Three VPs of administration, manufacturing and sales and marketing
will respectively report to him.
Dalal's resignation is amongst the latest in a string of developments in
D-Link, which in October 2008, announced its de-merger plan where its passive
business would be spun off into a separate company called Smartlink Network
Systems, focused on passive components business. Naik owned a majority stake in
it and therefore was to head the business.
This meant that D-Link India with a majority stake holding of 62 percent from
D-Link Corporation, would continue with the active component business and would
operate out of a new head office in Mumbai.