Ravinder Takkar, the managing director (MD) and chief govt officer (CEO) of telecom operator Vodafone Thought Restricted (Vi), will change Himanshu Kapania because the telco’s new chairman from 19 August.
“The board unanimously elected Ravinder Takkar, as chairman of VIL board, efficient August 19, 2022…it (additionally) accepted the request of Himanshu Kapania, to step down as non-executive chairman with impact from August 18,” Vi stated in a BSE submitting on Wednesday.
The telco stated that Takkar would herald his 30 years of expertise in guiding the corporate, in his position as chairman.
Kapania will step down as non-executive chairman of the board with impact from 18 August this month. Nonetheless, he’ll proceed to be part of the VIL board as a non-executive director. Vi said that the request for this was made by Kapania himself.
Final month, Vi had introduced that its chief monetary officer Akshaya Moondra would change Takkar as agency’s new CEO. That was then the third top-level change in below 4 years on the loss-making telco, which has been combating to show round its operations amid a extreme money crunch.
In the meantime, Vodafone Thought right now reported its web loss marginally narrowed to ₹7,297 crore for the quarter ended June 30, 2022. It reported web lack of ₹7,319 crore within the previous quarter.
The telco’s income from operations rose 14% to ₹10,410 crore as in opposition to ₹9,152 crore in Q1FY22.
Common income per person (ARPU) for the June quarter got here in at ₹128 versus ₹104 in Q1FY22, up 23.4% aided by tariff hikes.
Obtain The Mint Information App to get Every day Market Updates & Reside Enterprise Information.
Extra
Much less
Supply: Live Mint