Vodafone Idea CEO Balesh Sharma steps down
Ravinder Takkar, currently Vodafone Group’s representative in India, appointed as his successor
Published - Aug 19, 2019 5:41 PM Updated: Aug 19, 2019 5:41 PM
Vodafone Idea's CEO Balesh Sharma has quit, according to a statement by the company.
The Board of Vodafone Idea Limited said it has accepted Sharma’s request for personal reasons to step down as CEO. He will be taking up a new role with the Vodafone Group, which will be announced in due course.
Ravinder Takkar, currently Vodafone Group’s representative in India, will be appointed as his successor with immediate effect.
Sharma has been the CEO of Vodafone Idea since the completion of the merger, and prior to that was Chief Operating Officer of Vodafone India. He has overseen the successful integration of Vodafone Idea – resulting in the estimated timescale to complete the integration falling from four to just two years.
Takkar, an experienced global executive, is currently a Board member of Vodafone Idea and Indus Towers, where he is responsible for all Vodafone Group interests in India, a role which he took on in 2017.
Prior to his current role, he was the CEO of Vodafone Romania for three years and CEO of Vodafone Partner Markets in London. He has been with Vodafone Group since 1994 and brings a wealth of experience in telecom industry having worked in several leadership positions across Vodafone’s operating companies over the last 25 years.
Kumar Mangalam Birla, Chairman Aditya Birla Group and Vodafone Idea Limited, said, “I would like to thank Balesh for his leadership and the successful integration of the two businesses. Under Balesh's stewardship, Vodafone Idea has realised a significant proportion of the synergies in a much shorter timescale than originally estimated. I wish him every success in his next role. I am pleased to welcome Ravinder Takkar as our new MD & CEO. Ravinder is well versed with the Vodafone Idea business context and I am confident that he will successfully steer the company through the next phase of development and help unlock its full potential.”
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