Now APMT Gujarat Pipavav MD resigns

Less than two weeks after the dismissal of three senior executives at  APM Terminals (APMT), another head has rolled, with the announced resignation on Friday (13 March) of Prakash Tulsiani, managing director of APMT’ Gujarat Pipavav in India.

APMT issued the following brief statement to the Mumbai stock exchange: ‘Gujarat Pipavav Port Limited has informed the Exchange that Mr. Prakash Tulsiani has resigned as Managing Director and as a Director (with effect from) May 31, 2015 to pursue other career opportunities’.

An APMT spokesman would not elaborate on Tulsini’s departure, but told CM: “Prakash’s resignation was his private decision”.