Departing Azzurri Communications CEO Vim Vithaldas said he will be leaving the business in its strongest position in seven years and strenuously denied claims the company is planning to axe jobs.
Vithaldas is leaving the business in July for ‘family reasons’. The news follows a turbulent year which has seen a number of key managers leave Azzurri for rival firms, redundancies in the audit team and, in better news, a refinancing deal with the consortium of seven banks which own the company.
Speaking to Mobile, Vithaldas refuted claims from industry sources that he is leaving under a cloud with the company facing mass redundancies.
He said: ‘That is complete nonsense. If I had been asked to go I would be frog marched to the door instead of staying for another six months.
‘I approached the board earlier this year and agreed a smooth transition plan so I will remain in the business until the summer to ensure an orderly handover.’
Pointing to the refinancing and the launch of a number of new cloud services and propositions, Vithaldas added: ‘I came to Azzurri to achieve two key things – to deliver financial stability and to lay the proper platform for growth and that is what I have done.
‘The company is in the strongest position it has been in for the past seven years.’
Reports that more redundancies are on the cards at the firm were refuted by Vithaldas. Ten jobs in the auditing department are set to go, as revealed by Mobile last week, but Vithaldas insisted no more job cuts are planned in any other departments.
He said: ‘There will be no mass redundancies. But, like every organisation, we are always ensuring we have the relevant skill-sets for our business. But we are certainly not cost-cutting. The business is very mature, firm and stable.’
Vithaldas said his long commute ‘circling half of the M25 everyday’ from Hertford to Weybridge is the key reason for his decision to leave. He added: ‘I have plenty of time to decide what to do next but I still have a full-on job launching our new cloud and managed services propositions which we have been working on for the past eight months and I am very excited about that.
‘A lot of money and time has been invested in developing these propositions by myself and the leadership team and I am very proud of the financial strength of the business today and the quality of the leadership team.’
He added: ‘The business has never been stronger and the propositions we are launching are future proofing the business ahead of our competitors, making the business relevant today and going forward for the next five years.’