New Delhi, Aug. 14 -- Amid the ongoing financial stress and another quarter of reporting losses, Vodafone Idea (Vi) on Thursday announced a top-level leadership change, with chief executive officer Akshaya Moondra stepping down. The company has named its current chief operating officer (COO) Abhijit Kishore as the new CEO, effective 19 August for three years.

The move comes at a critical juncture for Vodafone Idea, which continues to grapple with mounting losses, huge government debt, stalled fund-raising efforts, and uncertain capex execution plans.

"Mr Akshaya Moondra was appointed as Chief Executive Officer of the Company with effect from 19th August, 2022 for a term of three years. His tenure concludes on 18 August, 2025. Consequent...