STL has terminated the employment of Paul Atkinson, chief executive officer (CEO), optical networking business, STL on June 5, 2024.

In a regulatory filing with the Bombay Stock Exchange (BSE), the company stated that Ankit Agarwal, managing director, STL, will take up the additional role of heading the optical networking business.

Atkinson had joined STL in September 2021 from IXOM. The termination has been announced after STL reported a consolidated loss of Rs 0.82 billion in the fourth quarter ending March 2024, mainly dragged by the optical networking business.