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Sarin, Arun 1954–
International Directory of Business Biographies, (2005) by Joseph Santora
Tags: Airtouch, CEO, FINANCE, InfoSpace Inc., Investment
RETURNING TO VODAFONE AS CEO
Under the leadership of Sir Christopher Gent, the Vodafone Group made a number of significant and strategically important corporate acquisitions. In 2002, while only in his early 50s, Gent decided to retire as CEO to spend more time with his family. On December 18, 2002, Lord Ian MacLaurin, the chairman of Vodafone, called on Sarin to rejoin the company. His appointment as CEO designate began on April 1, 2003. MacLaurin said of Sarin's appointment, "I am delighted that Arun Sarin has made the commitment to take the Group forward to the next phase, and that we have identified an individual with the ability, stature, and knowledge of Vodafone which make him the ideal person for this role" (Vodafone press release, December 18, 2002).
After several months as CEO designate, Sarin was installed as the CEO of Vodafone on July 30, 2003. After only a month in office, he returned to the business of mergers and acquisitions. He engineered the acquisition of Singlepoint, a mobileservice provider who offered services to Vodafone customers, for $652 million. Several months later, as part of the corporate strategy to move Vodafone into the U.S. market, Sarin vigorously pursued the acquisition of AT&T Wireless Services, but he lost a bidding war with Cingular.
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