Close X
Thursday, November 21, 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

Founder, President, & CEO of real estate company Mainstreet Equity Corp, Bob Dhillon, bestowed with Order of Canada

Founder, President, & CEO of real estate company Mainstreet Equity Corp, Bob Dhillon, bestowed with Order of Canada
Dhillon, who founded the real estate group Mainstreet Equity Corp, is the biggest landlord in Canada in the mid-segment rental market today. His group owns more than 15,000 units across the country.

Founder, President, & CEO of real estate company Mainstreet Equity Corp, Bob Dhillon, bestowed with Order of Canada

Indian origin scientist named primary contributor to invention of Moderna's Covid vaccine

Indian origin scientist named primary contributor to invention of Moderna's Covid vaccine
A filing by the company for its patent application for the coronavirus vaccine using the revolutionary RNA technique listed Pune-educated bioinformatics scientist Mihir Metkar as the "first named inventor", a designation that usually recognises the primary contributor to the invention.

Indian origin scientist named primary contributor to invention of Moderna's Covid vaccine

Indian origin girls in Johns Hopkins' world's 'brightest' list

Indian origin girls in Johns Hopkins' world's 'brightest' list
"Peri, a student at Thelma L. Sandmeier Elementary School, was honoured for exceptional performance on the SAT, ACT, or similar assessment taken as part of the CTY Talent Search," said a statement from the CTY.

Indian origin girls in Johns Hopkins' world's 'brightest' list

Amar Doman of South Asian Descent is the new owner of the BC Lions

Amar Doman of South Asian Descent is the new owner of the BC Lions
Amar Doman of South Asian descent is the new owner of the BC Lions Football team.  Doman owns The Futura Corporation. Doman has over 25 years of experience in the lumber and re-manufacturing industy as well as in public and private investments.

Amar Doman of South Asian Descent is the new owner of the BC Lions

Nav Bhatia: Raptors Superfan

Nav Bhatia: Raptors Superfan
The sporty businessman’s relationship with basketball is not limited to just fandom. As he usually puts it, basketball is more than just a game for him, and he wants to pass on the feeling. 

Nav Bhatia: Raptors Superfan

'An Ugly Truth' unveils Facebook's battle for dominion

'An Ugly Truth' unveils Facebook's battle for dominion
Drawing on unrivalled sources, based on more than 500 interviews, and never-before seen internal documents, "An Ugly Truth" (Hachette) by investigative journalists Sheera Frenkel and Cecilia Kang is the tech story of our times, following Facebook from its undisputed power and influence in 2011, up to its greatest challenge to date: The 2020 US Presidential Election.

'An Ugly Truth' unveils Facebook's battle for dominion