Byju's has announced changes in its leadership structure with CEO Arjun Mohan stepping down from his position having taken it up just six months ago on Monday.
Byju Raveendran will resume his responsibilities in overseeing the day-to-day operations of the company, while Mohan will transition to an advisory role outside the company.
“This reorganisation marks the start of BYJU'S 3.0 - a leaner and more agile organisation ready to quickly adapt to evolving market dynamics, especially in the realm of hyper-personalized education,” said Byju Raveendran, Founder and Group CEO.
This reorganisation is intended to make the company more agile, cost-efficient, and better positioned to seize market opportunities. Each division will have its own leaders responsible for ensuring sustainable growth and profitability.
“By focusing on our core strengths with three specialised business units, we will unlock new growth opportunities while continuing to focus on profitability," he added.
Raveendran praised Mohan for his leadership during a challenging period and expressed gratitude for his contributions.
"Arjun has done an outstanding job steering BYJU'S through a challenging period. We are grateful for his leadership and look forward to his continued contributions as a strategic advisor,” said Raveendran.
The decision comes as Byju's aims to streamline its operations for long-term success. The company will now consolidate its businesses into three main divisions: The Learning App, Online Classes & Tuition Centres, and Test-prep.
The restructuring follows a comprehensive review and cost-saving initiative led by Arjun Mohan during his tenure as CEO.
Byju Raveendran, the Founder and Group CEO, sees this as the beginning of 'BYJU'S 3.0', focusing on personalised education and unlocking new growth prospects while maintaining profitability.
In this new phase, Byju Raveendran will take a more hands-on approach to leading the company's daily operations.
Previously focused on strategic aspects like fundraising and global expansion, Raveendran recognises the importance of strong leadership during this critical time. He aims to leverage his expertise to guide BYJU'S towards its next phase of growth and innovation.
Source: India Today