Robi Axiata has appointed an acting CEO as Rajeev Sethi, the CEO of the country's second largest mobile phone operator, has recently been assigned to a new role within the Axiata Group, according to a letter submitted to the Bangladesh Securities and Exchange Commission.

The board of directors of Robi has named M Riyaaz Rasheed, the current chief financial officer (CFO) of the company, as its acting CEO with effect from February 1 of 2025.

In October 2022, Rajeev Sethi was appointed as the CEO of Robi, replacing M Riyaaz Rasheed, who had served the telecom operator as acting CEO since August 2021, following the resignation of Mahtab Uddin Ahmed.

Sethi joined Robi after achieving significant success as the CEO of Myanmar's leading mobile operator, Ooredoo.

He had also previously served Grameenphone as the CEO.

As of November this year, Robi had 5.71 crore mobile subscribers in a market of 18.78 crore mobile phone users, ranking behind market leader Grameenphone, which had 8.45 crore subscribers, according to data from the Bangladesh Telecommunication Regulatory Commission.