Robi Axiata has appointed M Riyaaz Rasheed, the current CFO, as acting CEO following Rajeev Sethi’s move to a new role within the Axiata Group. Rasheed’s appointment will take effect on February 1, 2025. Sethi had been CEO since October 2022, succeeding Rasheed, who had served as acting CEO since August 2021. Sethi brought extensive experience, having previously led Myanmar’s Ooredoo and Grameenphone.
Robi, Bangladesh’s second-largest mobile operator, has 57.1 million subscribers in a market of 187.8 million users, with Grameenphone leading at 84.5 million subscribers, according to the Bangladesh Telecommunication Regulatory Commission. Sethi’s leadership saw Robi’s expansion, although it continues to trail behind Grameenphone in market share.