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Airtel Africa chairman to retire following AGM
(Sharecast News) - Telecommunications firm Airtel Africa said on Wednesday that Sunil Bharti Mittal had informed the board of his intention to retire as chairman following its annual general meeting in July. Airtel Africa said non-executive director Gopal Vittal will succeed Mittal from the same date, while Shravin Bharti Mittal will assume the role of deputy chair.
The FTSE 100-listed firm highlighted that Vittal was an "established telecoms leader", while led Bharti Airtel to a life-time high revenue market share in an "intensely competitive market".
Sunil Bharti Mittal said: "I want to extend my thanks to the board of Airtel Africa for their support to me as chairman. Airtel Africa has a solid strategy and an outstanding leadership team in place, the strength of which is evident in recent results, so I am confident that now is the time for me to step aside as chair.
"It has been an honour to lead Airtel Africa in this capacity, and I know the company will continue to prosper and to advance the transformative power of connectivity to the millions of customers we serve across 14 African countries. I have offered my services and will be available to support the company as requested by the chair."
As of 0910 GMT, Airtel Africa shares were up 0.92% at 364.31p.
Reporting by Iain Gilbert at Sharecast.com
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