Recently, Ashwin Shah resigned from the post of group CIO of Essar Telecom Business Group and joined Wipro Technologies as an independent management consultant.
The resignation of Atul Chaturvedi, CEO of Essar Kenya, who joined from Idea Cellular in India, also affected the company. Atul was replaced by Madhur Taneja, former CEO of Uganda-based Warid Telecom.
Two months ago, Rajiv Sawhney quit his post as CEO of Essar Telecom Business Group to join Mahindra Holidays & Resorts India as CEO and MD.
Sawhney has moved out of the telecom industry to pursue a career in the hospitality industry, while Chaturvedi wished to return back to India for personal reasons. In a large organization of our size, such movements are natural and we have suitable depth of internal talent to take over these responsibilities,” said the official spokesperson of the Essar Telecom group.
According to industry sources, most of the CXO team at Essar Telecom Group has stepped down. With the exception of Chaturvedi, there have been no replacements for any of the other CXO posts, which have been lying vacant for the past 2-4 months.
Essar was recently in the news in India for its role in the the 2G scam, with allegations of scam-tainted Loop Telecom, being a front company for Essar.
The Essar Telecom Business Group is now trying to prove its innocence and lying low in a wait-and-watch mode to see the outcome of the 2G proceedings. Meanwhile, the industry is waiting and watching for Essar’s reaction to its steadily decreasing high-level workforce.