Andrew Formica has resigned as CEO of a London-based financial institution.
The reason for the resignation of the CEO from Australia has made everyone, including the industry, look back. Formica has said she wants to give up her position and money and ‘sit on the beach and be idle’.
London-based financial institution Jupiter is valued at Rs 5.37 lakh crore. Andrew Formica has been the CEO of the company since 2019.
To read | The rupee depreciated to 79 against the dollar
Formica, 51, has announced her resignation as CEO. He has said he will resign from his post on October 1 and return to his home village.
He has been replaced by Matthew Beasley as the new CEO of Jupiter.
In an interview with the English media, he said, “I want to relinquish my CEO position and sit on the beach without doing any work. That is why I am relinquishing my CEO position. ”
To read | Rs 1 lakh education loan! Sexual harassment of two sisters
Andrew Formica, who has 27 years of experience in industry investment management, said he plans to spend time with his elderly parents in Australia.
At a time when everyone is spinning like a machine for the need of money, this decision of Formica has amazed not only the Jupiter Company but also many people around the world.