Vodafone Idea's chief financial officer Akshaya Moondra named CEO

Takes over from Ravinder Takkar, whose three-year term ends on August 18

Vodafone Idea's chief financial officer Akshaya Moondra has been appointed as the CEO of the company.

Moondra takes over from Ravinder Takkar, whose three-year tenure as CEO ends on August 18.

The telecom company's board approved Moondra's appointment on Friday. The company is yet to name a chief financial officer to take Moondra's place.

Takkar will continue as non-executive and non-independent director on the board after his term as MD & CEO ends.

The change of guard comes as the joint venture company continues to scout for investors. Takkar had earlier indicated that the company is looking to Rs 25,000 crore from investors.