Arun Sarin
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2008-07-07T08:26:17Z
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{{Infobox Celebrity
| name = Arun Sarin
| image =
| caption =
| birth_date = {{Birth date and age|1954|10|21|mf=y}}
| birth_place = {{flagicon|IND}} [[Pachmarhi]], [[Madhya Pradesh]], [[India]]
| Citizenship = {{flagicon|US}} [[USA]]
| Residence = {{flagicon|UK}} [[UK]]
| death_date =
| death_place =
| occupation = [[CEO]], [[Vodafone Group plc]]
| networth =
| spouse = Rummi Anand
| children = 2
|alma_mater = [[Indian Institute of Technology]]
| signature =
| website =
| footnotes =
}}
'''Arun Sarin''' ([[Hindi]]:'''अरुण सरीन''') (born [[October 21]] [[1954]], in [[Pachmarhi]], [[Madhya Pradesh]], [[India]]) was the [[Chief executive officer|CEO]] of the world's biggest mobile phone company (by revenue), Britain's [[Vodafone Group plc]]. He is originally of [[Non-resident Indian and Person of Indian Origin|Indian origin]], but has [[United States]] citizenship, and is based in the [[United Kingdom]]. On [[june 29]] [[2008]], he announced his resignation as CEO of Vodafone Group.
Sarin graduated from the [[Indian Institute of Technology Kharagpur]] with a B.Tech degree in Metallurgical Engineering in 1975. In 1978 he gained a [[Master of Science|MS]] in Engineering and an [[Master of Business Administration|MBA]] from the [[Haas School of Business]] at the [[University of California, Berkeley]]. Prior to this he did his schooling from Military School Bangalore, Bangalore. He excelled in studies, sports and co curricular activities. He was known for his sharp intelligence and good sporting skills especially in hockey and boxing in school. 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 to June 1999. He was then 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]] from 2000 to 2001, 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.
He writes a monthly note to all Vodafone staff, known as "Arun's Corner". This always ends with Arun's favoured epithet "Go Vodafone!"
Sarin was appointed at a time when the investment community wanted Vodafone to concentrate on managing its businesses efficiently and returning cash to shareholders, after its dramatic takeover driven expansion between 1999 and 2002. In 2004 he entered an auction for [[AT&T Wireless]] in the face of considerable hostility from analysts and shareholders, but withdrew when [[Cingular]] made an offer he did not think was in Vodafone's interests to match.
He has since focused on [[emerging markets]] such as India, Turkey,and Romania instead of developed markets such as Japan and others. Under his leadership, Vodafone successfully bid U$11.1 billion for 67% stake in the Indian mobile operator, [[Hutch Essar|Hutch]]. Now rebranded as Vodafone, Sarin wants to bring it from the #3 operator in India to #1 or #2. He is also focussing the company on total communications services including broadband, internet and wireless data.
Sarin has also served as a director of [[The Gap, Inc.]], [[The Charles Schwab Corporation]] and [[Cisco Systems, Inc.]] in the United States, and has recently been appointed as a non-executive director of the Court of the Bank of England.
Sarin will be retiring from Vodafone immediately after the company's [[Annual General Meeting|AGM]] on [[July 29]], [[2008]], when he will be succeeded by current Deputy-CEO [[Vittorio Colao]].<ref>{{citeweb|url=http://www.vodafone.com/start/media_relations/news/group_press_releases/2007/vodafone_announces6.html|title=Vodafone Announces New Chief Executive|publisher=Vodafone|date=2008-05-27|accessdate=2008-05-27}}</ref><ref>ttp://www.corriere.it/economia/08_maggio_27/colao_vodafone_b3d7e824-2bb7-11dd-9d26-00144f02aabc.shtml</ref>
During his tenure, Sarin, 53, accumulated 28.5 million shares and share options which he has yet to collect. He also has 14.5 million shares and share options which he has not yet cashed, according to the company's annual report and accounts.
After he steps down at the annual meeting, he will remain as a consultant on a "nominal" salary until his retirement next March. Assuming the company continues to perform over that period, when he leaves, his shares and options will be worth just over 22 million.
During his final year as chief executive, Sarin picked up 3,595,000 pounds in salary and bonus, taking his total earnings to more than 25 million, The Guardian reported on Wednesday.
The report said that in the past, Sarin had been allowed to re-invest his annual bonus, which was 2.13 million for the year to the end of March 2008, but because he is leaving the company he will collect it in cash.
Sarin will be replaced by [[Vittorio Colao]], who joined Vodafone in 2000.
Colao will be paid a 975,000 pounds salary, compared with the 1.3 million pounds Sarin received for the year to the end of March 2008, according to the group's annual report and accounts published. <ref>http://infotech.indiatimes.com/articleshow/3120112.cms</ref>
==References==
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[[Category:1954 births]]
[[Category:Living people]]
[[Category:People from Madhya Pradesh]]
[[Category:Indian Institute of Technology people]]
[[Category:American businesspeople]]
[[Category:Americans of Indian descent]]
[[Category:Vodafone people]]
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