Vodafone Idea board approves KM Birla’s request to step down as non-executive director, chairman

NEW DELHI: The board of directors of Vodafone Idea Limited on Wednesday approved Kumar Mangalam Birla’s request to step down from his position in the company.

In a statement to the bourses, the cash-strapped company informed that Birla will step down as non-executive director and non-executive chairman of the board with effect from August 4.

Consequently, the board has approved the appointment of Himanshu Kapania as the non-executive chairman of the company. He was earlier the managing director and CEO of Birla’s Idea Cellular.

Kapania is a telecom industry veteran with 25 years of experience, including significant board experience in telecom companies globally.