Mumbai, Oct. 30 -- Less than 24 hours after his appointment, Jindal Steel Ltd's new chief executive officer (CEO) Gautam Malhotra sought to calm investor nerves on the high churn of senior executives at the billionaire Naveen Jindal-led firm.

"I tend to stick around," Malhotra said, responding to an analyst's question on the management churn during a post-earnings call on Wednesday

In response to a question by Sumangal Nevatia, director at Kotak Securities, on how he planned to address the issue, the CEO stated that many employees have been with the company for over two decades.

"So I see a lot of stickiness. And if I look at the overall retention rates, they are fairly high. And that drives a lot of confidence in me to be able to driv...