Why is Deepinder Goyal stepping down as CEO of Eternal?

Deepinder Goyal is stepping down to explore new ideas that are outside of Eternal's strategic scope and involve higher-risk experimentation.

Who is replacing Deepinder Goyal as CEO of Eternal?

Albinder Dhindsa will succeed Deepinder Goyal as the new Group CEO of Eternal.

What will Deepinder Goyal's new role be at Eternal?

Deepinder Goyal will remain on the board as Vice Chairman, focusing on long-term strategy, governance, and ethics.

Home / Business and Economy / Goyal Steps Down as CEO to Explore New Ventures

Goyal Steps Down as CEO to Explore New Ventures

21 Jan

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Summary

Deepinder Goyal is stepping down as Group CEO to pursue external ideas.
Albinder Dhindsa will take over as the new Group CEO.
Goyal will remain Vice Chairman, focusing on long-term strategy and governance.

Goyal Steps Down as CEO to Explore New Ventures

Deepinder Goyal has announced his resignation as Group CEO of Eternal, the parent company of Zomato, to pursue new ventures outside the organization. He intends to transition to the role of Vice Chairman, subject to shareholder approval. Albinder Dhindsa has been appointed as the new Group CEO, taking over operational responsibilities.

Goyal expressed a desire to explore high-risk, experimental ideas that fall outside Eternal's current strategic scope. He believes this move will allow the company to remain focused and disciplined. Dhindsa, credited with Blinkit's turnaround, is well-equipped to lead Eternal's daily operations and strategic priorities.

Despite the change in title, Goyal affirmed his continued commitment to Eternal, which he co-founded eighteen years ago. He will remain involved in the company's long-term strategy, culture, and governance. All his unvested ESOPs will revert to the company pool, ensuring future leadership opportunities without dilution.