Current Affairs August 2018 - Resignations
1 - Renu Satti quits as CEO of Paytm bank
Renu Satti has resigned as CEO of Paytm Payments Bank. She will now head Paytm’s "New Retail" initiative. In the past, she has built businesses ground up that include marketplace, movie ticketing and most recently Paytm Payments Bank.
Paytm is planning to raise $500 million for the new segment ‘New Retail’. It will be used to equip shopkeepers with technology, logistics and marketing capabilities. Under this, consumers can discover nearby pharmacies, groceries and other shops to place an order and get instant deliveries.
2 - PepsiCo's Indra Nooyi to step down as CEO
PepsiCo CEO Indra Nooyi will step down after 12 years leading the chips-and-soda behemoth. PepsiCo President Ramon Laguarta will replace Nooyi.
Nooyi will leave the role in October and remain Chairman until early 2019. Indian-origin Nooyi is the first foreign-born CEO of Pepsi and the first woman to lead the food and beverage giant. Its revenue topped $63 billion in 2017. While she joined Pepsi in 1994, she was promoted as CEO in 2006.
3 - Germany's Mario Gomez retired from international football
Germany’s Mario Gómez announced his retirement from international football, after Germany's first-round exit from the World Cup. Mario Gómez scored 31 goals in 78 appearances for Germany during his overall football career. Gomez has represented the Germany national team over a period of 11 years between 2007 and 2018.
He was honored with UEFA Champions League in 2012–13 and DFL-Supercup in 2010 and 2012. He was included in their squads for three UEFA European Championships and two FIFA World Cups.
4 - Government dismissed former MD Usha Ananthasubramanian of scam-hit PNB, Allahabad bank from service
The Government has removed former Managing Director and Chief Executive Officer of Allahabad Bank Usha Ananthasubramanian from service. She was divested of all powers after her name appeared in the Central Bank of Investigation’s chargesheet relating to the Rs. 14,000-crore scandal in state-run Punjab National Bank Ltd.
Usha Ananthasubramanian was MD and CEO of PNB till May 2017. She was also the head of Bharatiya Mahila Bank. She became the first woman Chairman in January 2018 of the Indian Banks’ Association (IBA).
5 - Jhulan Goswami announced her retirement from T20 Internationals
Indian women's team fast bowler Jhulan Goswami announced her retirement from T20 Cricket Internationals. The veteran player played 68 T20 Internationals and took 56 wickets at an economy rate of 5.45. The 35-year-old will only play ODIs. In ODIs, she is the world's highest wicket-taker with 200 scalps from 169 games.
Goswami along with Mithali Raj are the two oldest cricketers in the current set-up, having made her debut against England in Chennai way back in 2002.
6 - Australia’s Mitchell Johnson announced retirement from all forms of Cricket
Australia’s Mitchell Johnson announced retirement from all forms of Cricket. Mitchell Johnson has not made exit from Indian Premier League or other domestic T20 competitions. The reason behind announcing retirement is about the health issues, he experienced during Indian Premier League.
Johnson was awarded the International Cricket Council's Sir Garfield Sobers Trophy (ICC Cricketer of the Year) in 2009, "ICC Cricketer of the Year" and first ICC Test Player of the Year award in 2014. He is known as one of the best fastest bowlers of Australia.
7 - Infosys CFO MD Ranganath stepped down
Infosys Chief Financial Officer MD Ranganath stepped down from his services. This resignation has marked second CFO departure at Infosys in three years. Ranganath will continue in his current position as Chief Financial Officer till November 16, 2018. He worked in Infosys for about 18 years.
During his long tenure of 18 years in Infosys, MD Ranganath has been a part of the Infosys Leadership team in the areas of consulting, finance, strategy, risk management and M&A and has worked closely with the Board and its committees in formulating and executing strategic priorities for the company.
