 "Bharti Restructures At Apex Corporate Level")
Bharti Enterprises has announced a strategic restructuring at the apex corporate level. The new structure has been designed to build emerging businesses as well as enhance empowerment to functions and developed businesses.
“We are now embarking on a journey to significantly scale up our emerging businesses and leverage our position in established businesses. Towards this end, we are strengthening the Bharti organisation structure and its governance model. With the new structure, we will engage functionally with our emerging businesses at a deeper level, empower the developed businesses, strengthen the interface mechanisms of Bharti with the businesses and leverage the group functions effectively,” said Sunil Bharti Mittal, chairman and group CEO, Bharti.
As a part of new strategic apex level re-structuring, an office of the chairman and group CEO has been created with primary focus on seeking growth opportunities, guiding businesses, securing financial health of the group, and growing and developing talent. Rakesh Bharti Mittal and Rajan Bharti Mittal will be the vice chairmen and MDs of Bharti Enterprises. While Rakesh B Mittal will also be the co-chairman of Bharti Foundation and enhance focus on social projects, Rajan B Mittal has been elevated as vice chairman and will focus on retail, cash and carry and realty. The office of the chairman and CEO will be supported by three directors – director, Chairman’s office; director, Corporate Affairs and Director, shareholder’s office.
Akhil Gupta has been promoted as the deputy group CEO and MD of Bharti Enterprises. He will take specific charge of the Tower Infrastructure business as the vice chairman and MD, Bharti Infratel and will also lead the Financial Services and the Software business. He will continue to be on the board of Bharti Airtel. Manoj Kohli, has been promoted as the CEO and joint managing director of Bharti Airtel.
Group functional directors have been further empowered to enable them to co-shape all the businesses of Bharti. The group functions will leverage the best practices and synergies across the group businesses to create an environment of partnership and collaboration.