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Sunil Mittal to step down as Airtel CEO, Shashwat Sharma to take over
Mittal to remain as chairman, Sharma to take over as MD & CEO on October 1
Mittal's son, Gaurav, to become vice chairman
Bharti Airtel chairman Sunil Mittal is set to step down as CEO of the company and hand over the reins to Shashwat Sharma, who will become the new managing director and CEO on October 1, 2023.
Mittal, who has led Airtel for over three decades, will continue to serve as chairman of the company. His son, Gaurav Mittal, will become vice chairman.
Sharma, who is currently the CEO of Bharti Airtel's India and South Asia operations, has been with the company for over two decades. He has held various leadership positions in the company, including CEO of Bharti Airtel's mobile operations in India.
Under Mittal's leadership, Airtel has grown into one of the largest telecom operators in the world. The company has over 400 million customers in 18 countries.
Mittal is a well-respected figure in the Indian business community. He is the recipient of numerous awards, including the Padma Bhushan, India's third highest civilian award.
Sharma is a graduate of the Indian Institute of Technology, Delhi, and the Harvard Business School. He is a highly respected executive with a strong track record of success.
Airtel is a leading provider of telecommunications services in India. The company offers a wide range of services, including mobile, fixed line, broadband, and enterprise solutions.
The company is facing increasing competition from Reliance Jio, a new entrant in the Indian telecom market. However, Airtel remains the market leader with a strong brand and a loyal customer base.
Analysts expect Sharma to continue Mittal's legacy of innovation and growth. Sharma is expected to focus on expanding Airtel's digital services and growing the company's presence in new markets.