Indian telco Bharti Airtel is replacing the CEO of its key domestic operations in a bid to reverse a trend of declining profits.
Sanjay Kapoor, CEO for India and South Asia at Airtel, will quit in March after 15 years at the company, according to a Reuters report Tuesday. He will be replaced by group director of special projects Gopal Vittal.
Vittal had rejoined Airtel last year from consumer goods maker Hindustan Unilever, and will focus on increasing market share and margins and developing alternate revenue streams such as 3G data and mobile money, the report noted.
Kapoor will remain on the board of the group's telecoms tower joint venture Indus Towers.
In October last year, Airtel had said it was considering merging its domestic and loss-making Africa business operations into a single business entity under a global CEO by the middle of 2013--its most significant restructuring exercise to combine business synergies across geographies.