Subex MD & CEO Subash Menon quits
28 Sep 2012
Subash Menon, the founder of software products firm Subex Ltd, has resigned as the company's managing director and chief executive officer. Menon will continue as a non-independent director of the company.
''With the restructuring of the foreign currency convertible bonds (FCCBs) complete, I have decided to focus on my other business interests and hence this move,'' Menon said.
On Thursday, Subex shares closed 3.85 per cent lower at Rs13.75 on the BSE. The company made the announcement late on Thursday night.
Subex pioneered the concept of a revenue operations centre, which is a centralised approach that sustains profitable growth and financial health through coordinated operational control.
Its clients include 28 of top 50 telecom operators and 33 of the world's 50 biggest telecom companies across the world. Its has over 300 installations across 70 countries.
Subex, a business support systems provider to communications service providers, is yet to name its new managing director and CEO.
