(Alliance News) - Helios Towers PLC late Wednesday said Chief Executive Officer Kash Pandya is to retire from the role at the telecommunications infrastructure company's annual general meeting in April 2022.
Helios said that upon his retirement, and at the board's request, Pandya will move into a new role as non-executive deputy chair of the company.
The company said Chief Operating Officer Tom Greenwood has been promoted to CEO-designate with immediate effect. Greenwood will formally take up the CEO following the AGM.
Greenwood joined Helios Towers in 2010, becoming chief financial officer in 2015 and moved to the COO role in 2020.
"We have been very fortunate to benefit from Kash's leadership and experience over the last 6 years and we are extremely pleased that Kash will be continuing on the board in a non-executive capacity. We wish Kash well as he pursues new career challenges in the wider non-executive sphere," Chair Sam Jonah said.
"I am also delighted that Tom Greenwood will succeed Kash as CEO. Tom's contribution and leadership has been exemplary. Tom's move to COO from CFO made him a very obvious choice as CEO following Kash's decision to retire. The decision to appoint Tom follows a succession planning process that began with his move to COO," added Jonah.
The stock closed down 0.1% at 170.20 pence on Wednesday.
By Arvind Bhunjun; arvindbhunjun@alliancenews.com
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Helios Towers (HTWS)