Mumbai based online realty platform, Housing.com has released its CEO Rahul Yadav, with immediate effect, after a regular board meeting, held earlier today. Yadav who is also the co-founder of the company, will no longer be an employee of Housing and be associated with the company in any manner, going forward.
The Housing Board, unanimously agreed to bring Yadav's tenure to a close, with reference to his behaviour towards investors, ecosystem and the media, read the statement issued by the company. The Board of Housing believed that his behaviour is not befitting of a CEO and is detrimental to the company, known for its innovative approach to product development, market expansion and brand building.
Rahul Yadav, who broke headlines due to his out-of-the box approach, has called it quit in past as well, later which was taken back.While the search for an interim CEO is underway, a transition plan has been put in place, The current senior executives of Housing will continue to run the operations on a daily basis, and ensure its continued smooth functioning. The Board and the Operating Committee will remain closely involved with all key decisions.