Byju's CEO Arjun Mohan resigns, founder Raveendran to take over firm's daily operations - Latest developments you should know

Arjun Mohan, CEO of embattled edtech firm Byju, has resigned, the company said on Monday. According to the company, Mohan has quit to pursue other opportunities. He was elevated as the company's CEO just about seven months back. 

Following the move, the company has announced a major rejig of the business. Also, Think and Learn, which owns the Byju's brand's, Co-founder and CEO Byju Raveendran will handle the firm's day-to-day operations. 

10 latest developments you should know

• Following the move, the company has announced a major rejig of the business that will consolidate its business into three focused divisions -The Learning App, Online classes and Tuition centres, and Test-prep.
   
• Each of these units will have separate leaders who will independently run the businesses sustainably to ensure profitability.
   
• The changes follow an extensive seven-month operational review and cost optimisation exercise led by outgoing BYJU's India CEO Arjun Mohan.
   
• Mohan will now transition to an external advisory role, lending his deep edTech expertise to the company and its founders during this transformation phase.
   
• Over the past four years, Raveendran has focused primarily on strategic aspects such as raising capital and driving global expansion.
   
• "With this new organisational structure and with the return of Byju Raveendran as the operational leader, BYJU'S is now well-positioned to begin its next chapter of innovation-led growth by launching at scale its new suite of AI-first products that have already received an overwhelmingly positive feedback in the pilot phase," the statement said.
   
• Mohan succeeded Mrinal Mohit, founding partner and the outgoing head of India business at the company, who embarked on a new journey to pursue personal aspirations.
   
• “By focusing on our core strengths with three specialised business units, we will unlock new growth opportunities while continuing to focus on profitability,” said Raveendran.
   

With agency inputs