Vodafone Head Arun Sarin’s sudden departure Vodafone revealed their annual pre-tax profits have gone up 2% to £8.9bn. But that is no reason to cheer as they even revealed the departure of one of their most eminent persons who has helped shape and promulgate the brand to the fullest. Vodafone chief executive Arun Sarin is stepping down. The head of one of Britain’s biggest companies reigned for five years. Mr. Sarin will retire in the end of July. He had a bad patch in the year 2006 when shareholders revolted against him and criticized his performance. About 15% of shareholders either abstained or voted against him continuing as chief executive.

Given the rough times in European markets Mr Sarin expanded the Vodafone network in emerging markets such as India, Romania, and Turkey. Vodafone’s business in emerging markets is performing well, especially in India where revenue had jumped by 50%. With Mr. Sarin’s the firm has been able to sign up large numbers of new users. Most recently, Vodafone was in talks with South Africa’s MTN.

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