Telenor promotes Indian executive for global role
Mar 26 2014 , New Delhi
Telenor in a statement said "current CFO Prasoon Sinha will move to the Group Finance function at Telenor Group headquarters in Oslo and take up the position of Vice President and Head of Dynamic Performance Management Project."
Sinha will implement cluster-based analysis and evaluation at global-level.
The cluster-based analysis is used by Uninor in India under which the company evaluates its performance in a small geographic area. The area can be as small as covered by signal transmitted by its 4-5 mobile towers.
"In his new role, Prasoon will be involved in creating value through performance management across the different business units of the Telenor Group. He will also drive the implementation of Uninor's 'cluster approach' in different Telenor Group business units," the statement said.
Sinha has been with Uninor for close to six years and has worked on delivering low-cost business model.
"We are proud to see him in a role from where Uninor’s best practices can benefit Telenor Group companies across regions," Uninor's nominated CEO Morten Karlsen Sorby said.
Telenor also announced the appointment of Vivek Anand as its new Chief Finance Officer in place of Sinha.
Vivek was earlier working with Unilever Bangladesh as Chief Finance Officer.
"Vivek inherits a finance function that has been key to Uninor delivering on its financial targets, including the break-even within three years, exactly as committed," Sorby said.
The leadership change in Uninor's finance department will be concluded by the end of April with Vivek taking up the position in May, the statement said.