“The board unanimously elected Ravinder Takkar, as chairman of VIL board, effective August 19, 2022…it (also) accepted the request of Himanshu Kapania, to step down as non-executive chairman with effect from August 18,” Vi said in an official statement Wednesday.
The company added that Takkar would bring in his vast experience of over three decades in guiding the company, in his role as chairman.
Kapania, however, will continue to be on Vi’s board as non-executive director.
Last month Vi had announced that its chief financial officer Akshaya Moondra would replace Takkar as the telco’s new CEO. That was then the third top-level change in under four years at the loss-making telco, which has been fighting to turn around its operations amid a severe cash crunch.