Vodafone India board announced that Marten Pieters will be standing down as Managing Director...
Vodafone India board today announced that Marten Pieters will be standing down as Managing Director and Chief Executive from 1 April and will be succeeded by Chief Operating Officer, Sunil Sood. Pieters will continue to remain on the Board of Vodafone India in a non-executive capacity.
Marten Pieters was appointed as Vodafone India Managing Director and Chief Executive in February 2009 after an international telecommunications career which included Board-level roles with KPN, Celtel and Millicom. Under his leadership, Vodafone India doubled revenues, added more than 100 million customers, increased market share and launched data services used by more than 57 million customers. The longest-serving Chief Executive of an Indian telecommunications company, he has led Vodafone India’s participation in all spectrum auctions since 2009.
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Sunil Sood is currently responsible for day-to-day operations and P&L management together with new business development initiatives including the launch and expansion of mobile commerce activities. Sood joined Vodafone India’s predecessor business, Hutch, in 2000 and has held roles leading the company’s operations in Gujarat, Kolkata and Chennai. He had previously worked for Pepsi in a range of Indian and international leadership roles. Sood graduated with a B Tech from IIT (Delhi) and PGDM from IIM (Kolkata) and is also a graduate of the Harvard Business School Advanced Management Program.
The Chairman of the Board of Vodafone India, Analjit Singh, said: “Marten’s term as Chief Executive has been marked by outstanding business performance and exemplary leadership in a highly complex sector and operating environment. He is to be commended for his many achievements and hands on to his highly experienced and respected successor the stewardship of a substantial enterprise serving the needs of 174 million customers.”
Vodafone Group Chief Executive Vittorio Colao said: “Marten has been a fantastic leader in India and a wise and trusted contributor across the Group as a whole. He will stand down from his role as Chief Executive with warm thanks from everyone in Vodafone. I look forward to working with Sunil to build on the successes of a business widely admired in India and internationally.”
Sunil Sood’s successor as Chief Operating Officer will be announced in due course.