Rajiv Pancholy, managing director and CEO of OnMobile Global has resigned from the company. Pancholy will stay on as CEO till February 28 but has resigned from his position as managing director and as a member of the board from February 23, the company informed in a note to stock exchanges. OnMobile Global also shook up its top level management. Chairman Francois-Charles Sirois will now take the role of CEO. Sanjay Bhambri is president and chief operating officer of India, Asia, Middle East and Africa while Ignacio Martin Velasco is president and chief operating officer of Europe and Americas. The company added that Pancholy cited personal and family reasons for leaving OnMobile and returning to Canada. Prior to OnMobile Global, he served as managing partner and president of TTP Media in Montreal Canada. He also served as chairman and CEO of TenXc wireless in Ottawa, Canada. The company as been shutting down non-core businesses and moving to new business models and developing products for the same. It has also been concentrating on markets in North America. In August 2016, OnMobile entered into a deal with US-based carrier Sprint for their ringback tone service. It recently also launched ONMO, a B2C platform that offers a suite of mobile apps and services. In an analyst call, Pancholy had explained that average spend on per use in the US is higher than any other geography in the world, apart from Western Europe. “One of the geographies in which OnMobile has been historically very weak is North America. I think…
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