Tata Communications Managing Director (MD) and Group Chief Executive Officer (CEO) Vinod Kumar has submitted his resignation for personal reasons and the telecom company’s board has initiated plans to find a successor & expects to finalise a suitable candidate at the earliest.
Mr. Vinod Kumar has been working withTata Communications for slightly more than 15 years and joined the telecom unit in 2004. The Board of directors has taken on record his resignation, and his resignation will be effective from the close of business hours on 5 July, 2019, the regulatory filing stated.
Kumar leaves at a time when the telecom company, which focusses on serving enterprise customers, has seen its losses in widening in the fiscal fourth quarter ended March. its earnings statement. However for the full year ended March, the losses narrowed to Rs 82.37 crore compared to Rs 328.6 crore in the previous year.
The company has been focusing on offering digital infrastructure services and remain asset light. Last month, Tata Comm’s data centre arm sold its entire 26% stake in the Singapore unit to ST Telemedia Global Data Centres (STT GDC) for an undisclosed amount to become an asset light telecom company.
Tata Communications tried to strengthen its enterprise business by trying to merge group company Tata Teleservices enterprise business, but that too didn’t materialise.