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Bharti Airtel Ltd has restructured its board of directors and that of its tower subsidiary Bharti Infratel. The changes have been effected in view of the proposed IPO of Bharti Infratel. Following this, Rakesh Bharti Mittal will be the Chairman of Bharti Infratel while younger brother Sunil Bharti Mittal will continue to be the Chairman and Managing Director of Bharti Airtel. Akhil Gupta is the Vice-Chairman and Managing Director of Bharti Infratel.
Manish Kejriwal, Managing Partner of Kedaara Capital Advisors LLP and Obiageli Katryn Ezekwesili, former World Bank Vice-President for Africa, are the new appointees on the board of Bharti Airtel. Others including Google’s Nikesh Arora continue to be on Airtel’s board. Commenting on the restructuring, Sunil Mittal, said, “These changes have been effected in line with our strong corporate governance culture and will ensure that Bharti and SingTel have distinct representatives on the boards of Bharti Airtel and Bharti Infratel.”
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