India, May 8 -- EV major Ather Energy's boardroom has seen some volatility after a tepid listing earlier this week. Yesterday, the company announced that its non-executive director and departing CEO of Hero, Niranjan Kumar Garg, resigned from its board, effective from May 6, the date of its listing.

Gupta, who had been on the company's board since 2020, was Ather backer Hero's nominee for its board. Besides, he was also part of the company's IPO committee. He resigned from the CEO position of Hero MotoCorp on January 31, 2025, and effectively departed the company on April 30 to "pursue other opportunities".

Prior to taking up the role of CEO at Hero in 2023, Gupta had held the CFO position at the company between 2017 and 2023. In his pl...