STL, an integrator of digital networks, has announced that Dr. Anand Agarwal will be stepping down as CEO and Director of the Company with effect from 2nd Dec 2021, to pursue his personal interests. The board has accepted his resignation and appointed Mr. Ankit Agarwal as the Managing Director of the company with immediate effect. Anand, who has been with the company for 26 years, will advise and support the company during this transition.
Mr. Anil Agarwal, Chairman of 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 technology company. I wish him all the best in his future endeavours and welcome Ankit in his new role to take the company to newer heights.”
Commenting on his appointment, Ankit 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 our four integrated capabilities of optical networking, 5G wireless, network software and system integration services.”
Anand added, “I am very 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 deeplythankful for the support of an exceptional team of over 3000 STLers and guidance from our board and Chairman.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.