Rajeev Suri is set to be appointed Chairman of Caribbean-based mobile phone business Digicel Group, succeeding Denis O'Brien.
Mr O’Brien will continue to serve on the Board and remain a shareholder in the company.
Implementation of the previously announced Restructuring Services Agreement will see the Digicel shareholder consortium led by PGIM, Contrarian Capital Management, and GoldenTree Asset Management gain a controlling stake in the company.
"Rajeev has a proven track record of transformative delivery and with a strengthened balance sheet, we see considerable potential to grow value and profitability at Digicel," the incoming shareholders of Digicel said in a joint statement.
Denis O’Brien, Digicel’s Founder said he is delighted to welcome Mr Suri as Chairman Designate.
"Given his impressive track record of delivery over 35 years, I know he will both add value and create value for all our stakeholders," he said.
"He joins superb local teams across the Caribbean and Central America with whom it has been my privilege to work for over 25 years. He is the ideal leader to deliver on Digicel’s next phase of growth," he added.
Mr Suri has worked in the telecom industry for around 35 years, most recently as Chief Executive Officer of Inmarsat from March 2021 until its acquisition by Viasat in May 2023.
He joined Inmarsat from Nokia, where he was President and Chief Executive Officer from 2014 to 2020, having served as Chief Executive Officer of Nokia Siemens Networks since 2009.
He was a Commissioner of the United Nations Broadband Commission and served as Chair of the Global Satellite Operators Association (GSOA).
