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OnMobile to revamp governance framework, plan for next decade
OnMobile, a global leader in mobile VAS announced that it has embarked on a
program to revamp its management framework, by adopting and considering a number
of additional corporate governance measures as part of a new “OnMobile
2020” strategy.
In keeping with global best practices, OnMobile announced that as a part
of the new governance framework, it is demarcating the role of the CEO and Chairman,
pursuant to which Arvind Rao, the current CEO stepped down as Chairman and was
replaced by H. H. Haight, as the new Chairman.
Haight said “As part of OnMobile’s future growth plans and expansion
strategies that are proposed to be rolled out, the Board thought it important
that the company moves towards adopting greater governance standards and global
best practices as we grow internationally. The board decided that it was time
the corporate governance strategy and policies of the Company be reviewed and
revised based on the changing needs of the company and expectations of the global
economy, which was supported by a review conducted by its advisors.”
Haight commented “We are finalizing OnMobile 2020, our blueprint for this
new strategy and will be making several structural changes to enable the smooth
implementation of this plan going forward.”
The OnMobile Board has further added industry expertise by appointing Harit
Nagpal as an independent director. Mr. Nagpal is the Managing Director of Tata
Sky and has previously served as the Group Marketing Director, Vodafone UK.
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