New Delhi, Jan. 21 -- Deepinder Goyal has stepped down as the Chief Executive Officer (CEO) and Managing Director (MD) of Eternal, effective 1 February, to pursue a new set of ideas he has felt drawn to for quite some time, he said in a letter to shareholders, announcing his resignation.

Explaining why he stepped down as the CEO, Deepinder Goyal mentioned in his letter that he has lately felt drawn to a new set of ideas that involve risks and experiments, which are only possible outside the company.

"I have found myself drawn to a set of new ideas that involve significantly higher-risk exploration and experimentation. These are the kinds of ideas that are better pursued outside a public company like Eternal," he said.

He explained that...