Sterlite Technologies has announced that Dr. Anand Agarwal will be stepping down from his post as  CEO and Director of the company with effect from 2nd December 2021, so to pursue his personal interests. The company also announced that post-resignation, he would remain in the advisory role and support the company during the upheaval.

Appreciating Anand for his contribution to the company, Anil Agarwal, Chairman, STL said,” At STL, we have the responsibility to transform billions of lives with networks that create opportunities and jobs for everyone, including the most underserved in India and across the world. Over the past many years, Anand has helped transform the company from a leading optical player to a global tech company. I wish him all the best in his future.”

According to the transition, the digital networks integration company will be run by a management committee comprising of the MD, CFO, CHRO, and CCO, enabled by the guidance of the Board and Chairman to execute key decisions collectively. To kick-start the process, the company has appointed Ankit Agarwal as the new Managing Director with immediate effect.

Commenting on his appointment, Ankit Agarwal, MD, STL said,” I am excited and honored to drive the company in its next phase. We are well placed to capture the significant growth opportunities, and enable our customers to create advanced digital networks through ur four integrated capabilities of optical networking, 5G wireless, network software, and system integration services”. 

Ankit Agarwal has been with STL since 2010, most recently as Chief Executive of the Optical business. He has actively driven key global customer wins, strategic acquisitions etc, and would be expected to lead the company from the front in the wake of Anand Agarwal’s resignation, who is himself a 26 years old veteran with the company.

Reflecting on his journey, Anand Agarwal said,” I am proud of everything we have accomplished at STL. The company is now well-positioned for the next phase of growth with a focused strategy and a great leadership team. I have decided to transition and focus on my next endeavour. I am deeply thankful for the support of an exceptional team of over 3000 STLers and guidance from our board and Chairman.