The mobile operator Vodacom Group has announced that Balesh Sharma, Vodacom South Africa’s managing director will step down from his duties in June 2022. According to the company, Mr Sharma is planning to explore new opportunities in Europe.
Vodacom in a statement said, “He returned to India to help the company fight one of the industry’s most competitive environments. In his capacity as the founding CEO of Vodafone Idea, Balesh managed the integration of Vodafone and Idea, delivering substantial synergies within the first-year post-merger, and completing a rights issue of $3.5bn for the merged entity.”
“I would like to offer my deepest gratitude to Balesh for his invaluable contribution to the establishment of Vodacom South Africa,” said Vodacom Group CEO Shameel Joosub.
“During this time, he led the improvements in market share, net promoter scores, network, churn improvement, Tobi, Vodacom Business performance and also drove the winning back of data market share. Balesh was strong support for various critical Vodacom projects such as the recent spectrum auction, which saw Vodacom successfully acquire a total of 110 MHz high demand spectrum. We wish Balesh the very best for the next chapter of his career and will announce his successor in due course.”
Speaking about his departure from the organisation has this to say, “This is the end of a momentous chapter in my career and I would like to extend my heartfelt thanks to my Vodafone and Vodacom families for the extraordinary opportunities afforded to me over the last twenty years. It has been wonderful to be part of a purpose-led organisation which has allowed me to work all over the world and to forge friendships with so many diverse communities and people.”
Before joining Vodacom South Africa, Sharma joined the Vodafone Group in India in March 2003 where he held various senior leadership roles before moving to international assignments as CEO of Vodafone Malta and then CEO of Vodafone Czech Republic, driving successful turnarounds in both roles.