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OnMobile Ops Committee To Oversee Company Affairs; Arvind Rao To Look At International

OnMobile Global has said that Arvind Rao, the companys co-founder, CEO and MD, will be focusing on international markets only, while a committee comprising of Board Chairman H.H. Haight and Audit Committee Chairman Naresh Malhotra will "oversee the affairs of the Company." The company has just made this announcement to the stock exchanges. MediaNama had written to Haight earlier today to confirm this development, among a few others. Rao and his co-founder Mouli Raman did not respond to calls. Harit Nagpal, an independent director with the company, had declined to comment and asked us to contact Haight. While the boards statement says that Rao's focus will be on building the international base of the company, this does still appear as if his role as CEO and MD of OnMobile has been limited in comparison with that it was earlier, particularly since a team from the board is looking into the companys affairs, and they haven't waited till, say, a country manager for India, is appointed. The change in mandate, according to the company's statement, will "free up his (Rao's) time to focus on this global activity, investor relations, strategy and strategic projects." International business is increasingly emerging as the most important segment for OnMobile, given that it now accounts for almost 50% of its business, and with both the growth in the companys Telefonica business in South America and the risk of a decline in the India MVAS market, it is likely that the international business will become the main contributor to…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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