Close X
Friday, November 1, 2024
ADVT 
Newsmakers

Bharti Airtel names COO Shashwat Sharma as MD and CEO; Vittal moves into bigger role

Darpan News Desk IANS, 29 Oct, 2024 04:48 PM
  • Bharti Airtel names COO Shashwat Sharma as MD and CEO; Vittal moves into bigger role

New Delhi, Oct 28 (IANS) Leading telecom service provider Bharti Airtel on Monday said that Gopal Vittal, who led the company as Managing Director and CEO for the last 12 years, is being appointed Executive Vice Chairman as part of a structured succession process.

On January 1, 2026, Vittal will move into the role of Executive Vice Chairman of Bharti Airtel. Shashwat Sharma, currently Chief Operation Officer (COO), will be appointed MD and CEO of Bharti Airtel on January 1, informed the company.

While continuing to lead the India business, Vittal will take on broader telecom responsibilities across the group.

Sharma is being appointed CEO designate of the company. He will be responsible for the entire end-to-end consumer business. Vittal will be responsible for mentoring and grooming Sharma to take over as MD and CEO of Bharti Airtel Ltd, said the company.

“I am extremely pleased with the succession and transition plan of leadership at Airtel and there could not have been a better time for Airtel to unveil the new arrangement where change and continuity will go hand in hand,” said Sunil Bharti Mittal, Chairman, Bharti Airtel.

“Empowerment has been an article of faith with me which has resulted in a highly-energised management delivering superior results,” Mittal added.

In a board-level restructuring, Rakesh Bharti Mittal, having served Airtel for 9 years in his current term, will move on to the boards of Indus Towers Limited and Bharti Hexacom Limited. Rajan Bharti Mittal returns to Airtel to be the Bharti Board nominee with immediate effect, said the company.

Airtel has built a winning portfolio of businesses across mobile, B2B, Home Broadband, DTH and digital services. Even in mobile, an intensely competitive space, Airtel has seen its revenue market share grow from 30 per cent to 40 per cent. The company has a market capitalisation of over $100 billion.

Photo courtesy of AirTel In. 

MORE Newsmakers ARTICLES

Spotlight: Anjali Appadurai

Spotlight: Anjali Appadurai
A university student whose passionate voice about climate change and humanitarian issues recently echoed around the world.

Spotlight: Anjali Appadurai

British Columbia’s Leading Lady: Christy Clark

British Columbia’s Leading Lady: Christy Clark
Learning more about the woman behind the title, Premier Christy Clark shares insight on a range of diverse topics from politics and the province to motherhood and mentors.

British Columbia’s Leading Lady: Christy Clark

Justin Trudeau: The Race is On

Justin Trudeau: The Race is On
Justin Trudeau supported his father’s party from a young age and when he decided to run for Member of Parliament in the Papineau riding for the 2008 federal election, it made headlines. Justin was not only elected MP, but he won the the 2011 election. Again in the spotlight  this young MP is now in the race for the Liberal leadership.

Justin Trudeau: The Race is On

An Afternoon with Jason Kenny

An Afternoon with Jason Kenny
Known as one of the most powerful men in Canada, Jason Kenny, the Minister of Citizenship, Immigration and Multiculturalism has been an integral member of Prime Minister Stephen Harper’s Cabinet and is redefining Canada’s immigration policy. According to public perception and media experts, he is also a likely contender to lead the Conservative Party and perhaps, fill the role of Prime Minister one day.

An Afternoon with Jason Kenny

Success With Robin Sharma

Success With Robin Sharma
Robin Sharma is the globally celebrated author of ten bestselling books on leadership and personal development. His work has been published in over fifty countries and nearly seventy languages, making him one of the most widely read authors in the world.  He shot to fame with his international bestseller ‘The Monk Who Sold His Ferrari’.

Success With Robin Sharma

Padma Lakshmi More Than Just A Pretty Face

Padma Lakshmi More Than Just A Pretty Face
While her obvious beauty is easily noticeable Padma Lakshmi is an award-winning cookbook author, an internationally renowned actress and model, the host of Bravo’s highly acclaimed Top Chef, and an ambassador for the United Nations Development Fund.

Padma Lakshmi More Than Just A Pretty Face