Dynamic Indian Arun Sarin 53 who headed Vodafone as CEO is stepping down from Vodafone and he will be replaced by Italian born 46 yaers old Vittorio Colao, the current Regional CEO of Southern Europe. Vodafone also posted a net profit for the year to March 31 of $13.25 Billion, compared with a net loss of about $10.37 Billion a year earlier when chanrges on its Italian and German operations hurt earnings. Besides which the company’s worldwide customer base has more than doubled from 120 Million to 260 Million under Sarin’s tenure and the company’s share price also has risen by about one-third over the same period. This shows how Dynamic Sarin was.
Sarin says “I’m delighted Vittorio is my successor. I have known him since 1997, He is a very capable manager, very hands-on driven.”
Arun said “I have done what I came here to do. The time is right and the time is now”
His resignation will be effective from July 29th 2008 after the share holders meetin, which would give him an exact five year tenure as head of what has become the world’s biggest mobile phone company by sales and the credit for the same should always go for Arun Sarin, a great business man & let me tell you I am also a fan of this person (not really fan but I feel happy when i see him, his dressing sense is truly something which i can’t express and the smile he wears makes all deals a success)
I Hope He does a lot more in Life and I also wish him All The Best for his Future.
