Robi Axiata has appointed an acting CEO as Rajeev Sethi was assigned to a new role within Axiata Group, according to a letter sent to the Bangladesh Securities and Exchange Commission.

M Riyaaz Rasheed, the chief financial officer (CFO), was named as the acting CEO by the board of directors with effect from February 1 of 2025.

Sethi was appointed as the CEO in October 2022, replacing Rasheed, who had been serving as the acting CEO since August 2021, following the resignation of Mahtab Uddin Ahmed.

Sethi joined the country's second-largest mobile phone operator on having served as the CEO of Myanmar's leading mobile operator, Ooredoo.

He had also previously served Grameenphone as CEO.

As of November this year, Robi had 5.71 crore mobile subscribers in a market of 18.78 crore mobile phone users, according to data from Bangladesh Telecommunication Regulatory Commission.

It ranked behind market leader Grameenphone, which had 8.45 crore subscribers.