Vodafone is likely to bring in key personnel to run the operations of Hutchison Essar in India after it takes over the management of the company. Current CEO Asim Ghosh has indicated willingness to stay on, and since he is also a major shareholder, he is unlikely to be moved in the present scenario, said sources.
Managing partner of international CEO search firm K Sudarshan said, "Hutch already has very good people and I do not think there is any need for large scale change. However, I feel they will induct key people to head the finance, operations."
Inducting a finance head is almost routine with major takeovers. A case in point would be Aditya Mittal, who is now the chief financial officer of Arcelor Mittal.
Another HR professional speaking on condition of anonymity said, "Vodafone is a safer bet for the employee rank and file too. If there was a takeover by a domestic player there would have been some rationalisation of manpower."
This would have led to job loss and uncertainty. However, now with Vodafone, the employees will be part of a truly global telecommunications company.
Sudarshan added that with the organisation that Hutch has, there will be no sudden need for people.
Incidentally, regulations now do not allow Indian telecommunication companies to have a foreign chief executive officer if the foreign holding in the company is more than 49%.
Therefore, Vodafone, which has an Indian-born chief executive officer in Arun Sarin, will have to look among Indians if they want to replace Ghosh.
A few names have been doing the rounds. These include Vikram Mehmi who has just moved from Idea Cellular to another group concern, Sandip Das, who has just moved from Hutch to Maxis and Prakash Bajpai who is with Reliance Communications.
The other names doing the round are Atul Jhamb, Manoj Kohli of Bharti and Rajiv Sawhney who had moved to Hutchison Thailand.
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