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Arun Sarin (born 21 October 1954) is an Indian-American telecommunications executive.
|Education||B.Tech. (1975) IIT, Kharagpur|
MS (1978) UC Berkeley
MBA (1978) Haas School of Business
|Known for||Former CEO of Vodafone |
(2003 - 2008)
|Board member of||Accenture|
Sarin was the former CEO of the telecom giant Vodafone Group plc, serving from 2003 until 2008. He was the driving force behind the Vodafone's strategic move into emerging markets, especially Asia and Africa, through the purchases of Turkish operator Telsim and a controlling stake in Hutchison Essar in India. He was a senior advisor at the private equity firm KKR. He also serves on the board of directors of Ola Cabs, Cisco Systems, Charles Schwab and Blackhawk Networks.
Early life and educationEdit
Sarin was born in Pachmarhi, Madhya Pradesh, India, in 1954. He pursued his secondary education at the Bangalore Military School. Thereafter, he joined the Indian Institute of Technology, Kharagpur and graduated with a B.Tech. degree in metallurgical engineering in 1975. In 1978 he gained a MS in engineering and an MBA from the Haas School of Business at the University of California, Berkeley.
Early career and AirTouch (1984 - 1999)Edit
He started his career as a management consultant before moving in 1984 to Pacific Telesis Group in San Francisco. He was a director of AirTouch from July 1995 and was President and Chief Operating Officer from February 1997.
Vodafone (1999 - 2008)Edit
AirTouch was sold to Vodafone in 1999 for about $75 billion. He was then appointed Vodafone's Chief Executive Officer for the United States and Asia Pacific region until 15 April 2000, when Vodafone's U.S. interests were merged into Verizon Wireless. He subsequently became chief executive of InfoSpace in 2000 and of Accel-KKR Telecom based in San Francisco from 2001 to 2003, while serving as a non-executive director of Vodafone. He rejoined Vodafone as Chief Executive Designate on 1 April 2003 and was appointed on a permanent basis after the Company's annual general meeting on 30 July 2003. On 27 May 2008, he announced his resignation (effective July) as CEO after Vodafone achieved record earnings.
During his tenure as Chief Executive of Vodafone group plc, he expanded the company geographically into countries like India, Turkey, South Africa etc. increasing the customer base to approximately 300 million. He expanded the product line of the company to include data, internet and broadband services. He streamlined the operations of the company under the Vodafone brand to utilize the global scale while maintaining local customer focus. He increased the dividends per share by 400 percent and returned value to shareholders through buybacks.
Sarin retired from Vodafone immediately after the company's annual general meeting on 29 July 2008, and was succeeded by then Deputy-CEO Vittorio Colao. Colao is paid a 975,000 pounds salary, compared with the 1.3 million pounds Sarin received at the end of March 2008, according to the group's annual report and accounts published.
After Vodafone (2008 to present)Edit
In October 2009, Sarin was appointed as a senior advisor at the private equity firm Kohlberg Kravis Roberts & Co. (KKR). He is a strategic advisor to the Indian-based music streaming service Saavn and owns a minority stake in the company.
He serves on the board of directors of Ola Cabs, Cisco Systems, Accenture and Charles Schwab. He also sits on the board of trustees for the Blum Center for Developing Economies at the University of California, Berkeley.
- "Arun Sarin conferred Honorary knighthood". Retrieved 23 October 2015.
- "Arun Sarin - Alumni Profiles, Full-Time MBA Program - Haas School of Business, UC Berkeley". mba.haas.berkeley.edu. Retrieved 23 October 2015.
- "Vodafone Announces New Chief Executive". Vodafone. 27 May 2008. Retrieved 27 May 2008.
- "Vodafone, cambio al vertice Sarin si dimette, è l'ora di Colao". Corriere della Sera (in Italian). Milan. 27 May 2008.
- "Arun Sarin walks out of Vodafone rich". The Times Of India. Press Trust of India (PTI). 11 June 2008.
- "KKR | KKR Appoints Arun Sarin as Senior Advisor". media.kkr.com. Retrieved 23 October 2015.
- "Saavn Reaches 18 Million Monthly Users, Adds Ex-Vodafone CEO as Investor-Advisor". Billboard. Retrieved 23 October 2015.
- "Ex-Vodafone global CEO Arun Sarin joins Ola board". The Hindu.
- "Accenture Announces Appointment of Arun Sarin to its Board of Directors". Accenture.
- "Board". Blum Center for Developing Economies.