Vodafone CEO Pietersto steps down

The Board of Vodafone India announced that Marten Pieters will be standing down as managing director and chief executive of Vodafone India with effect from 1 April 2015 and will be succeeded by the Vodafone India chief operating officer, Sunil Sood.

After that date, Pieters will continue to remain on the Board of Vodafone India in a non-executive capacity.

Marten Pieters was appointed as Vodafone India managing director and chief executive in February 2009 after an international telecommunications career which included Board-level roles with KPN, Celtel and Millicom. The longest-serving chief executive of an Indian telecommunications company, he has led Vodafone India's participation in all spectrum auctions since 2009.

Pieters was appointed as the chairman of the Cellular Operators Association of India (COAI) in 2014.

Pieters will be succeeded as Vodafone India managing director and chief executive by Sood.

Sood is currently the Vodafone India chief operating officer. He is responsible for day-to-day operations and P&L management together with new business development initiatives including the launch and expansion of mobile commerce activities.

Sood joined Vodafone India's predecessor business, Hutch, in 2000 and has held roles leading the company's operations in Gujarat, Kolkata and Chennai. He had previously worked for Pepsi in a range of Indian and international leadership roles.

Pieters said, "It has been a pleasure and a privilege to lead Vodafone India and I would like to thank all of my colleagues for their passion and commitment in support of our goals over the last six years. I am delighted to hand over to Sunil; we have worked closely together throughout my time with Vodafone and I could not wish for a better successor."

Analjit Singh, chairman of the Board, Vodafone said, "Marten's term as chief executive has been marked by outstanding business performance and exemplary leadership in a highly complex sector and operating environment. He is to be commended for his many achievements and hands on to his highly experienced and respected successor the stewardship of a substantial enterprise serving the needs of 174 mn customers. Sunil has extensive operating experience and knows Vodafone India from within. He is therefore a great choice to grow and expand the business and I look forward to a successful transition."

Vittorio Colao, chief executive, Vodafone Group said, "Marten has been a fantastic leader in India and a wise and trusted contributor across the Group as a whole. He will stand down from his role as chief executive with warm thanks from everyone in Vodafone. I look forward to working with Sunil to build on the successes of a business widely admired in India and internationally."