- Madhav Sheth accepts a new global role as Vice President for Business and Corporate Strategy (Global) of Realme.
- Realme is expected to make the announcement regarding who will head of India business as soon as possible.
- The company is planning on bringing a top Chinese executive to run the India business for the company.
Madhav Sheth, who is currently serving as Vice President and President of Realme, announced on Friday that he is accepting a new global role as Vice President for Business and Corporate Strategy (Global) of Realme. This comes after sources indicated that Madhav may step down as Realme India’s head. The company is planning on bringing in a top Chinese executive to run the India business for the company.
“Exciting news! I’m thrilled to announce that I’ve accepted a new role as VP for Business and Corporate Strategy (Global). Excited to take this opportunity and contribute to the company’s success,” said Madhav Sheth in a Tweet.
Exciting news! I’m thrilled to announce that I’ve accepted a new role as VP for Business and Corporate Strategy (Global). Excited to take this opportunity and contribute to company’s success.
— Madhav Sheth (@MadhavSheth1) March 24, 2023
Madhav Sheth appointed as VP for Business and Corporate Strategy
Following Madhav’s change in role, it is not clear who will run Realme India’s business. Sources had told IANS that Realme is expected to make the announcement regarding this as soon as possible.
Madhav is the main man responsible for taking Realme where it is today. From being called just another sub-brand (of OPPO) to a fairly independent brand that launches its own products across multiple segments. The company has various product categories under its wings, including smartphones, TV, tablets, audio, and others. Sheth’s expertise and command over the local market enabled Realme to reach a dominant position in India.
According to industry experts, Realme may face challenges with appointing a Chinese national as the leader of their Indian business. This is due to potential concerns from the Indian government, which has been scrutinising Chinese-operated companies, particularly smartphone vendors that are suspected of evading taxes worth large amounts.
