Top-level management change for next phase of growth, IPO
Vodafone India has undertaken a major restructuring of its management with an eye on the next phase of growth. The company, which is also looking at an Initial Public Offering in the country, said that the reorganisation has been done to be ‘future fit'.
Under the new structure, the company has created two new roles at the top level — the Chief Operating Officer and Chief Commercial Officer. Mr Sunil Sood – who is currently Director Business Operations, for South and West – will be the COO while Mr Sanjoy Mukerji, currently Director Business Operations for North and East, will be the Chief Commercial Officer. Both will report to CEO Mr Marten Pieters.
The existing position of Chief Marketing Officer will cease to exist under the new plan. Mr Kumar Ranganathan the current CMO has been given a global role to work on Group's commercial functions
In addition, the company will have another new role of Director External Affairs who will be responsible for corporate communication, public affairs and Vodafone foundation.
When contacted Vodafone Spokesperson confirmed the development but declined to comment on individual roles and responsibilities. “As we continue our endeavours in the next phase of our growth strategy, we have fine-tuned our organisation structure both at the corporate and circle level. This has been done primarily to prepare ourselves to be future fit and also to create and manage career opportunities for the leadership within the organisation.”
In an internal communication to Vodafone employees, Mr Pieters said changes that will further help align the organisational structure to the company's strategic roadmap. “These changes will help strike a better balance between our operational intensity and the need to focus on emerging areas for the company. It will allow for better opportunities for our teams to take on larger roles and prepare ourselves for the future,” Mr Pieters said in the internal note. The new structure comes into effect from March 1.
A new role of Business Development & Innovation has been created aimed at building roadmap for innovation across voice and data products. This will be headed by Mr Jonathan Bill.
The Project Management Office (PMO) and Fast Forward teams will be separated. The PMO will move to the technology function, reporting to Mr Vishant Vora, Chief Technology Officer as most of the strategically important programmes tend to be technology programmes or strongly technology dependent.