The CEO of Mondee, a booking platform for travel agents, took a leave of absence as the company faces delisting from the Nasdaq stock exchange.
The company issued a press release on Tuesday that said CEO Prasad Gundumogula would be taking leave effective November 25, while remaining as chairman of the company’s board. Mondee’s CFO, Jesus Portillo, was appointed as CEO and a member of the board.
The press release noted a letter from the U.S. Securities and Exchange Commission that it faces delisting because it has not yet filed a third-quarter financial report.
Mondee had originally scheduled its third-quarter earnings call for November 8. It rescheduled the…
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