Ed-tech giant BYJU's CEO Arjun Mohan resigned after a six-months stint at the company following which founder Byju Raveendran will take over the firm's day-to-day operations, 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.
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 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.
(With inputs from PTI)
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