CMC Networks appoints Rakesh Bhasin as its new director

Natalie Bannerman
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Former Colt CEO, Rakesh Bhasin has been appointed been appointed as non-excutive director of CMC Networks

CMC Networks (CMC) has appointed Rakesh Bhasin as a non-executive director.  

Until 2015, Bhasin served as the chief executive officer of the Colt Group SA, in the role he led the company for nine years during which time he restructured the business, eliminated regional silos and took the business into the Asia-Pacific region with the acquisition of KVH in Dec 2014. Additionally, under his leadership Colt became profitable and began generating significant positive cash flow.

Speaking on his appointment, Bhasin said: “CMC has created a great platform to serve networking needs of multinational customers in Africa and Middle East.  I am excited to jointly work with CMC management team and Carlyle to exponentially grow this business and meet evolving customer’s needs”.

Before joining Colt Bhasin acted as president and chief executive at KVH, an integrated data centre and communications services business, and prior to that he held positions at AT&T and Japan Telecom Company Limited approximately 13 years.

In addition to his professional career, Bhasin is a private investor and is involved in a number of companies across multiple sectors in the capacity of a non-executive director.  

Martin Springer CEO of CMC, commented saying: "CMC is extremely pleased to welcome Rakesh as a new non-executive director. His expertise in leading international telecommunications and data centre companies compliments our own business model. Attracting the calibre of Rakesh to the team is demonstrative of our growth potential when the Carlyle Group acquired a majority shareholding of CMC for US$100 early this year.”

Back in 2013 and while still in his role at Colt, Bhasin spoke with GTB about the company and its cloud offerings.