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Bharti Airtel (Airtel), India’s premier communications solutions provider, Wednesday said that its board has reappointed Gopal Vittal as Managing Director & CEO for a further period of five years ending on January 31, 2028.
“We wish to inform you that based on the recommendations of HR & nomination committee and subject to the approval of shareholders, the Board of Directors… has approved the re-appointment of Gopal Vittal, Managing Director designated as ‘Managing Director & CEO’ for a further period of (5) years i.e. from February 01, 2023, to January 31, 2028,” Airtel said in a BSE filing.
Vittal is “not debarred from holding the office of director by any order of SEBI or any other such authority,” Airtel added.
On Tuesday, Bharti Airtel Ltd. had announced fourth-quarter profit that beat estimates as revenue jumped 22.3 percent, boosted by a recent tariff hike.
Its average revenue per user (ARPU), a key performance indicator in the telecom industry, came in at Rs. 178 for the quarter, up from Rs. 145 from a year earlier. ARPU of rivals Reliance Jio and Vodafone Idea for the same period was Rs. 167.6 and Rs. 124, respectively.
