When Lord MacLaurin,
Chairman of Vodafone Group Plc announced that Arun Sarin
will take over as the Company's CEO, he surprised many
an analyst in the City. Vodafone Group is reposing high hopes on Sarin to continue
pushing the company into new frontiers after the
accomplishments of Sir Christopher Gent, its current
CEO. When Sir Gent took became the company's CEO in
1997, Vodafone was a small operator and its market value
was placed at 7.5 billion Pounds.
Today,
it is valued at 75 billion Pounds and is reckoned to be
the largest wireless telephone company in the world. Sir
Gent will retire on 30 July 2003. What prompted this
change in the guards is one key question that many an
analyst in the City will be mulling about. Analysts are
also equally wondering about the replacement. Most of
them are betting that the replacement will help Vodafone
to expand into US, a place where it has minimal
presence. They believe that Vodafone has based its
decision on the fact that Sarin lives and works in
California and is aware of the US market dynamics.
Arun
Sarin was born in India in the year 1954 in an army
family. He graduated in Engineering from the IIT
Kharagpur in 1975. Then, he went to the University of
California, at Berkeley. There, he gained an MS in
Engineering and an MBA. After his studies, he started
working as a Management consultant. In 1984, he joined
the Pacific Telesis Group in San Francisco. Since then,
he worked in the wireless industry and is considered to
have extensive inside knowledge of the mobile
telecommunications industry.
When
Pacific Telesis group decided to de-merge its mobile and
paging businesses, Sarin joined the newly formed
AirTouch Communications. Initially, he was a Senior Vice
President, Corporate Strategy and Development with Air
Touch. As a Vice President, Sarin was actively involved
in a lot of acquisitions and partnerships. When he
became the CEO of AirTouch, he was responsible for
managing the cellular and paging operations in 14
countries.
When
Vodafone took over AirTouch's business, Sarin joined as
its CEO US/Asia Pacific region. He managed Vodafone's
operations in the US, Asia and Australia. Sarin also
headed the Global Technology division that is
responsible for the introduction of wireless internet
services. In 2000, Sarin resigned as the CEO of
Vodafone's operations and joined as a CEO of InfoSpace
Inc., a very small Internet software and content
organisation, in the US.
However,
he continued to retain the non-executive directorship of
Vodafone AirTouch Plc. In 2001, Sarin joined Accel-KKR
Telecom, a telecom investment and management business.
Besides the non executive directorship of Vodafone,
Sarin is a director in Charles Schwab Corp., Cisco
Systems, Gap Inc. and Accel-KKR Company. He is also a
director of several non profit and educational
organizations. |