Bangalore: OnMobile, a global leader in mobile VAS announced that it has embarked on a program to revamp its management framework, by adopting and considering a number of additional corporate governance measures as part of a new “OnMobile 2020” strategy.

In keeping with global best practices,  OnMobile announced that as a part of the new governance framework, it is demarcating the role of the CEO and Chairman, pursuant to which  Arvind Rao, the current CEO stepped down as Chairman and was replaced by H. H. Haight, as the new Chairman. Haight has been a non-executive director on the Board of the Company since 2006 and has over 25 years of experience in leadership and growth of various enterprise companies.

Haight, Chairman, said “As part of OnMobile’s future growth plans and expansion strategies that are proposed to be rolled out, the Board thought it important that the Company moves towards adopting greater governance standards and global best practices as we grow internationally. The board decided that it was time the corporate governance strategy and policies of the Company be reviewed and revised based on the changing needs of the Company and expectations of the global economy, which was supported by a review conducted by its advisors. We believe that once the new governance framework is in place and adopted, OnMobile will be able to strengthen its position as a market leader.”

Haight commented “Arvind stepping down as Chairman allows him more time and freedom to focus on building the company and preparing for the next decade of continued innovation and international growth. We are finalizing OnMobile 2020, our blueprint for this new strategy and will be making several structural changes to enable the smooth implementation of this plan going forward.”

The OnMobile Board has further added industry expertise by appointing Harit Nagpal as an independent director.Nagpal is the Managing Director of Tata Sky and has previously served as the Group Marketing Director, Vodafone UK.

Speaking on the occasion Haight said, “Harit brings to our Board his rich and diversified experience in the telecom and media space. We believe that he will add great value at the Board level and be an important part of the team that contributes to Onmobile’s growth in domestic and international business.”

The OnMobile Board also set up a corporate governance committee to review the existing governance framework to analyze and review the functioning of the current governance structure and put in place a strong risk management framework, to redesign the existing policies and procedures for improved internal controls, to develop and initiate formal succession planning with defined criteria and measurements for the management.