MAM
Verizon appoints Chris Formant to lead enterprise business
MUMBAI – Verizon Enterprise Solutions has found a new president in Christopher Formant. The appointment was announced by Verizon executive vice president and president of the company’s wireline organization John Stratton.
In his role, Formant will be responsible for delivering business solutions to Verizon’s global enterprise clients in key industries: healthcare and insurance; financial services; technology; manufacturing, distribution, automotive and distribution; retail; energy and utilities; and the public sector. He will also lead a team driving sales, operations and marketing of the company’s strategic solutions in intelligent networking, dynamic cloud, mobile workforce, connected machines, security and professional service engagements.
Formant’s background combines a unique blend of enterprise, early-stage company and global-business consulting experience. He was most recently senior vice president and president of Avaya Government Solutions and Avaya Professional Services. At Avaya, he was also president of Global Services, where he led a major business turnaround while significantly improving customer satisfaction and loyalty.
Stratton said, “Chris has the expertise and marketplace know-how to ensure Verizon brings enterprise-class value to the world’s leading companies. His dynamic approach to matching technology solutions to business problems will be a great asset to Verizon clients everywhere they do business: throughout the U.S., Europe, Asia and Latin America.”
In addition to his leadership roles at Avaya, Formant has held executive positions at PricewaterhouseCoopers and MBNA, as well as serving as adviser/investor to early-stage technology companies. He has been named as one of the Top 25 Most Influential Consultants by Consulting Magazine. Formant received his Bachelor of Science degree from Washington and Lee University and a Master of Business Administration from George Washington University.
Verizon Enterprise Solutions is a leading provider of advanced IT and communications services to enterprise and governments around the world.
Brands
Safex Group appoints Richa Malhotra as group chief financial officer
Former Standard Chartered executive to steer finance
NEW DELHI: Safex Chemicals has appointed Richa Malhotra as group chief financial officer, strengthening its leadership team as the company prepares for the next phase of expansion in specialty chemicals and global agrochemicals.
In her new role, Malhotra will lead the group’s financial strategy, capital architecture and governance framework as Safex scales operations across multiple verticals including branded formulations, specialty chemicals and contract manufacturing.
A chartered accountant and graduate of Shri Ram College of Commerce, University of Delhi, Malhotra brings more than two decades of experience in business finance, strategic planning, corporate banking and client management.
Before joining Safex, she served as executive director, financial markets at Standard Chartered, where she led teams across India and Sri Lanka and worked closely with large corporates, global subsidiaries and commercial banking clients. Her expertise includes capital structuring, treasury operations, risk management and financial markets led financing solutions.
Safex Group promoter director and joint managing director Piyush Jindal, said the appointment comes at a pivotal time for the company. “Safex stands at an inflection point as we build an integrated platform across branded formulations, specialty chemicals and contract manufacturing. Richa’s experience across global financial institutions will strengthen our financial discipline and help unlock value across the group,” he said.
Malhotra said she was looking forward to contributing to the company’s next chapter of growth. “Safex has built a strong reputation over 35 years with its focus on integrity, innovation and agricultural insight. I am excited to be part of the organisation as it expands its footprint in India and global markets,” she said.
The appointment comes as Safex continues to strengthen its financial foundations and scale operations internationally, positioning itself for future growth milestones.
