Press release
Exhilway Finance deputy CEO resigns
Calgary: Exhilway Finance International (EFI) said today that Franklin Thomas resigned as deputy CEO of the company. Sara Worth will replace Franklin. According to insiders, Sara is hired on an annual package of US $2.6 million, 25% higher than Franklin. Franklin resigned due to Exhilway's dismal growth in Gulf countries. The resignation highlights increased sensitivity among wealth managers to annual growth.EFI which is the world's sixth largest wealth manager reported 77.3% rise in quarterly profit, but, the growth came from countries like India, Singapore and China. Exhilway Finance invested over US $58 million in gulf countries in the last five years but failed to breakeven.
"Franklin's decision is preemptive action" Sara said. "EFI is committed to serious growth and we don't want to slowdown the process".
Franklin wasn't immediately reachable for comment. According to EFI's insider, EFI will pay US $1.9 million as compensation to Franklin.
Rahul Kumar, Joint CEO of the Indian division resigned last month due to undisclosed reasons. EFI reportedly agreed to pay US $108,000 and 50,000 shares of the company valued at US $14.98 per share to Rahul, however, these shares can only be sold once EFI is listed on the stock exchanges.
Exhilway Finance is the 6th largest wealth manager in the world.
David Jones
3A Elegance Tower, Jasola
Mathura Road
New Delhi - 110025
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Exhilway Finance deputy CEO resigns here
News-ID: 144373 • Views: …
More Releases for EFI
Global Common-rail Injection EFI Engine Market Outlook Report 2025
Global Info Research's report offers an in-depth look into the current and future trends in Common-rail Injection EFI Engine, making it an invaluable resource for businesses involved in the sector. This data will help companies make informed decisions on research and development, product design, and marketing strategies. It also provides insights into Common-rail Injection EFI Engine' cost structure, raw material sources, and production processes. Additionally, it offers an understanding of…
Reference Sensor Market May See a Big Move| EFI Automotive Service, VDO, Prenco
Advance Market Analytics published a new research publication on "Reference Sensor Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Reference Sensor market was mainly driven by the increasing R&D spending across the world.
Get Free Exclusive PDF Sample Copy of…
Epoxy Fault Interrupter (EFI) Market Report 2023 Market SWOT Analysis, Key Indic …
The global Epoxy Fault Interrupter (EFI) market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes. North American market for Epoxy Fault Interrupter (EFI) is estimated to increase from $ million in 2023 to reach $ million by 2029,…
Global Digital Textile Printing Ink Market 2018 - DyStar, SPGprints BASF, Marabu …
Eminent Market Reports, recently published a detailed market research study focused on the “Digital Textile Printing Ink Market” across the global, regional and country level. The report provides 360° analysis of “Digital Textile Printing Ink Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend…
Global Textile Printing Inks Market 2018 - Kornit, DyStar, SPGprints, BASF, Mara …
Eminent Market Reports, recently published a detailed market research study focused on the “Textile Printing Inks Market” across the global, regional and country level. The report provides 360° analysis of “Textile Printing Inks Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Textile…
Global Electronic Fuel Injection (EFI) Systems Sales Market 2022
In this report, the global Electronic Fuel Injection (EFI) Systems market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Electronic Fuel Injection (EFI) Systems for these…
