Founder of the edtech company Think and Learn, which owns the Byju's brand, Byju Raveendran will handle the firm's day-to-day operations following the resignation of CEO Arjun Mohan, the company said on Monday.
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.
"The changes follow an extensive seven-month operational review and cost optimisation exercise led by outgoing BYJU'S India CEO Arjun Mohan. This new phase will also see Byju Raveendran taking a more hands-on approach in spearheading the daily operations of the company," the company said.
Mr 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, Byju Raveendran had 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.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
Byju's Founder Faces Reckoning As Company's Valuation Drops To $2 Billion Byju's Faces Total Shutdown If Insolvency Proceeds, Says CEO Byju Raveendran Byju Raveendran Failed Because He Didn't Listen To Anyone: Unacademy CEO Children Of Indian-Americans Face Deportation As Time Runs Out Centre Fact-Checks Mamata Banerjee's Mic-Off Claim, She Hits Back At Olympics Opening Ceremony, Drag Parody Of 'The Last Supper' Draws Flak Fake Billing Scam Worth Thousands Of Crores Unearthed: Punjab Minister 'What Kind Of Democracy?' Court Raps Cops For Seeking Action On Professor 11-Year-Old Chinese Boy Writes 600 Lines Of Code To Build Rocket Track Latest News Live on NDTV.com and get news updates from India and around the world.