In order to facilitate an orderly transition, Baweja will continue serving as the CFO until November 3, 2014.
Global Internet solutions provider Tata Communications today said its Chief Financial Officer (CFO) Sanjay Baweja will be leaving the organisation to pursue other opportunities.
The firm said it is looking for a replacement to Baweja. In a BSE filing, Tata Communications said: "Sanjay Baweja, CFO, will be leaving the organisation to pursue other opportunities. Tata Communications is currently seeking chief financial officer candidates and intends to complete its search in the near future."
In order to facilitate an orderly transition, Baweja will continue serving as the CFO until November 3, 2014, it added. As CFO, Baweja was responsible for strategic financial management including financial reporting and compliance, treasury and fund management, financial planning and analysis, management assurance, taxation and procurement etc.
Prior to Tata Communications, he served in Emaar MGF Land Limited as Executive President for Corporate Affairs and Chief Risk Officer. He has also worked in several roles across companies like Bharti Airtel , Xerox Modicorp, Digital Equipment and Ballarpur Industries.
"Baweja's exit from the business is on positive terms. The company appreciates the tremendous work ethic and professionalism exhibited by him over the last five years and wishes him nothing but success in his future endeavours," the firm said in the filing.
The USD 3.2 billion Tata Communications owns and operates advanced sub-sea cable network, delivering infrastructure, enterprise solutions and partnerships to carriers and
businesses worldwide.
Tata Comm stock price
On September 04, 2014, Tata Communications closed at Rs 385.25, up Rs 13.20, or 3.55 percent. The 52-week high of the share was Rs 412.00 and the 52-week low was Rs 160.00.
The company's trailing 12-month (TTM) EPS was at Rs 15.31 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 25.16. The latest book value of the company is Rs 276.69 per share. At current value, the price-to-book value of the company is 1.39.
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