Voda rejigs board, nominates Sood, Massidda as additional directors

Vodafone Group Plc has nominated Sunil Sood and Diego Massidda as additional directors on the board of its India unit joint venture-Vodafone Idea (Vi). The nomination and remuneration committee of Vodafone Idea confirmed the board appointments replacing Vivek Badrinath and Thomas Reisten, who have resigned from the posts.

The changes in the board were announced on Wednesday. The rejig comes ahead of Vi’s planned fund raising to help the company upgrade its network and meet the debt obligations. Last September, the telecom company’s board had announced plans to raise up …