Neotel has a new CEO. Sunil Joshi, head of enterprise solutions at Tata Communications, will take the reins at the telecommunications operator.
Joshi will replace Ajay Pandey, who will leave Neotel at the end of March after more than five years as MD and CEO.
Pandey is to take a role at Tata Communications, an Indian-based multinational that owns a majority stake in Neotel, though Tata spokesman Rozzyn Boy says the company can’t say what his new role will entail yet.
The change at the top of Neotel comes just a week after TechCentral revealed that Neotel missed earnings targets agreed to with its debt providers on three separate occasions in 2010. Deloitte & Touche, the company’s auditors, have also questioned its ability to continue as a going concern in the light of mounting losses.
However, the change in leadership is understood to have been some time in coming.
Pandey insisted in an exclusive interview with TechCentral last week that there was no reason for alarm and said the company was broadly meeting the targets set out in its business plan. — Duncan McLeod, TechCentral
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