Telenor group has appointed Vivek Sood as the Chief Executive Officer of Uninor, effective from December 1, 2014. Telenor mentions that the current CEO Morten Karlsen Sørby is stepping down as Uninor CEO and taking a new role in Telenor group due to illness in his immediate family. Sørby will however remain as an advisor to Uninor until January 1, 2015.
Sood was previously the CEO of Telenor’s Bangladesh subsidiary Grameenphone for about two years. Before that he was serving as the CFO of Uninor and has been with the Telenor group since January 2011. He’s also worked at Tata AIG life Insurance, Hutchison Telecom, Tupperware India and Hindustan Lever Limited (Unilever).
Telenor has also promoted Upanga Dutta as the chief marketing officer of Uninor. He will be taking over from Rajeev Sethi who has joined as the CEO of Grameenphone. Dutta was previously serving as the executive vice president and circle business head of Uninor’s largest circle UP East. He’s also worked as Uninor’s business head for Mumbai circle. Before Uninor, he’s had stints at Idea Cellular, Bharti Airtel and Carrier Aircon.
Management Changes at Uninor
Over the past year, Uninor has witnessed quite a few changes in its top management. Former Grameenphone CTO Tanveer Mohammed was appointed as Uninor CTO in July this year. In March, Vivek Anand was appointed as Uninor CFO after Prasoon Sinha was promoted to a global leadership role. Sørby itself had joined Uninor in January this year, after the former CEO Yogesh Malik quit in November 2013 citing personal reasons.
In a similar development, Uninor has also appointed Sukrit Maitre as the circle business head for Maharashtra & Goa circle, reports The Economic Times. Maitre will be taking from Ritesh Kumar Singh who has been bumped up to look after special projects for Telenor Group Asia.
Last month, Telenor group had increased its stake in Uninor to 100% by acquiring the remaining 26% stake held by its Indian partner Lakshdeep Investment & Finance. The company had received FIPB approval for an investment of Rs 780.86 crore for this purpose. More on that here.