Dasari's sudden exit from Ashok Leyland may cause some short-term concerns

Nothing to worry, avers outgoing CEO, pointing to the financial results; professionals will continue in driving seat, says chairman

Ashok Leyland's share price fell 10.5 per cent on Wednesday to close at Rs 106.60 on the BSE, their lowest in a little over a month.

The market was partly reacting to the announcement that Vinod K Dasari, managing director and chief executive officer (MD & CEO), would resign after 14 years with the commercial vehicle (CV) and defence equipment maker.

The company's September quarter results having missed analysts' estimates was also responsible for the stock's fall.

Dasari's decision not only shocked the market but even the company's chairman, Dheeraj Hinduja, who said he was "surprised" and that it was