Bharti overhauls management team
Jan 29 2014 , New Delhi
Company seems to be preparing for the next phase of expansion
Bharti group that has major exposure in sectors such as telecom, real estate, insurance, and food and agri-business seems to be preparing for the next phase of expansion and consolidation.
Taking a cue from Cyrus Mistry’s management board Tata group, Sunil Mittal has put together an eight-member governance board to deal with governance issues and expansion, while giving his chief executives officer more operational flexibility.
Three vice-chairmen, Rakesh Bharti Mittal, Rajan Bharti Mittal and Akhil Gupta along with managing director Manoj Kohli and four other Bharti veterans will constitute the Bharti governance board (BGB). This will provide strategic direction to the group that has operations across 25-plus countries.
At the operation level, Bharti Enterprises has elevated Gopal Vittal to head Airtel’s operations in India and South Asia that include Bangladesh and Sri Lanka. Vittal has been the second-in-command so far.
Meanwhile, Manoj Kohli will also relinquish his position as MD and CEO Bharti Airtel’s international operations. He will take over as MD of Bharti Enterprises, the company said in a statement. The company said a new position of MD of Bharti Enterprises is created for professional and structured oversight of the non-listed group companies. Kohli will also serve on various Bharti boards, including Airtel and is being appointed as chairman of Bharti Airtel International (Netherlands) BV that owns Airtel’s African operations.
The company said its new organisation structure is designed to provide enhanced empowerment to top management teams and strengthen corporate governance. The new structure will be effective April 1, it added.
Akhil Gupta has been designated as chairman of Bharti Infratel and vice chairman of Bharti Enterprises and will serve on other Bharti boards whereas Bharti Infratel chief executive DS Rawat has been appointed as managing director and CEO of the company.
While announcing the changes, Sunil Mittal said, “This is another step towards transforming the group from entrepreneur-led professional-backed to a professional-led entrepreneur-backed one.”
Christian de Faria has been named managing director and chief executive of Bharti Airtel International. He will assume full operational responsibility of the company’s operations across 17 African geographies.