Shivinder M Singh, executive vice-chairman and co-founder of Fortis Healthcare Limited (Fortis), announced his decision to take up full time ‘sewa’ at Dera, Radha Soami Satsang Beas (RSSB), a spiritual organisation headquartered near Amritsar, Punjab, on Wednesday.
Singh will step down from the position of executive vice-chairman and become the non-executive vice-chairman with effect from January 1, 2016, the company said in a statement.
His brother, Malvinder M Singh, will continue to be the company’s executive chairman and Bhavdeep Singh who has recently joined as CEO, Fortis Healthcare Limited will be responsible for running the business. Commenting on his decision, Singh said in a statement: “Having spent almost two decades setting up and running Fortis, our mission of saving and enriching lives is an integral part of my being. Over time this has inspired me to do more direct service and give back to society a little of what I have received in abundance.”
Singh added he will move to Dera after “transitioning my executive responsibilities at Fortis.” “A short while ago, I requested for Sewa at Radha Soami Beas, headquartered near Amritsar and I am fortunate to have been accepted. I will move to Dera, Beas post transitioning my executive responsibilities at Fortis,” Shivinder said.
He said Fortis was “on a promising trajectory”, which “facilitated “ his decision. “As I transition over the next few months into a non-executive role, I want to assure our partners and colleagues that I will continue to guide the organisation to realise its full potential. Malvinder M Singh, executive chairman, Fortis, said he supported his brother’s “personal decision”.
“I am fully supportive of Shivinder’s personal decision to take up full time Sewa at Radha Soami Satsang Beas. It is not always that one gets to commit oneself in the service of the society and I am delighted that Shivinder is taking this step at this phase of his life,” Malvinder said.
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