Madhav Sheth, VP Realme and President, Realme International Business Group, on Friday announced that he is accepting a new global role at the company, after sources indicated that he may leave the tech brand as the tech brand plans to expand its India business. is bringing in a top Chinese executive to run it.
In a tweet, Sheth said: “Exciting news! I’m pleased to announce that I have accepted a new role as Vice President of Business and Corporate Strategy (Global). I am excited to take advantage of this opportunity and contribute to the success of the company.”
Exciting News! I’m pleased to announce that I have accepted a new role as Vice President of Business and Corporate Strategy (Global). I am excited to take advantage of this opportunity and contribute to the success of the company.
— Madhav Sheth (@MadhavSheth1) March 24, 2023
It is still unclear who will run the India business with Sheth accepting a new global role at the company.
Sources had told IANS that Realme is gearing up to make an announcement in India as soon as possible, as the domestic smartphone market is going through turmoil.
Sheth, being a veteran in the field, clearly has a command over the local market dynamics – something that the incoming Chinese executive may not have.
According to industry insiders, another concern for Realme is that a Chinese national at the helm could send a negative signal to the Indian government which is already after Chinese-run businesses, especially smartphone vendors, which allegedly Thousands were involved in tax evasion. Ten million.
Sheth has been at the forefront of creating consumer products with trendsetting technologies, features and designs in India.
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