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VODA GROUP CEO VITTORIO COLAO FLAGS OCTOBER DEPARTURE

On 25 July, Vodafone Jey Flana,sn 27 July, deputy CFO Margherita Della Valle will succeed Nick Read as Group CFO and will join the Board, while Nick Read will become Group Chief Executive-Designate.

Vittorio Colao was appointed Group chief executive in July 2008. “During the decade under his leadership, Vodafone has been transformed from a consumer-focused 2G/3G mobile operator to one of the world’s leading converged communications companies with a diverse portfolio including the largest mobile and fixed next-generation network in Europe, a significant international enterprise division, and global leadership in the Internet of Things,” said the telco.

Over the last ten years, he has overseen a strategic reshaping of the Group, exiting minority shareholdings to focus on controlled and co-controlled assets while growing mobile customer numbers from 269 million to 536 million (plus 19.7 million broadband customers) over 25 countries, including significant businesses in India, Egypt, Turkey and across Africa,”  it added.

Nick Read was appointed Group Chief Financial Officer and joined the Vodafone Group Plc Board in April 2014. He was previously the Group’s Chief Executive for the Africa, Middle East and Asia Pacific region and served as a board member of a number of Vodafone’s emerging markets subsidiaries including Vodacom Group and Vodafone India.

Margherita Della Valle, who was appointed Deputy Group CFO in 2015, previously served as Group Chief Financial Controller, Chief CFO for the Europe region, and Chief Financial Officer for Vodafone Italy.

She joined Omnitel Pronto Italia – which later became Vodafone Italy – in 1994 and held various consumer marketing positions in business analytics and customer base management.

Vittorio Colao was appointed Group Chief Executive in July 2008. During the decade under his leadership, Vodafone has been transformed from a consumer-focused 2G/3G mobile operator to one of the world’s leading converged communications companies with a diverse portfolio including the largest mobile and fixed next-generation network in Europe, a significant international enterprise division, and global leadership in the ‘Internet of Things’. Over the last ten years, he has overseen a strategic reshaping of the Group, exiting minority shareholdings to focus on controlled and co-controlled assets while growing mobile customer numbers from 269 million to 536 million (plus 19.7 million broadband customers) over 25 countries, including significant businesses in India, Egypt, Turkey and across Africa.

Nick Read was appointed Group Chief Financial Officer and joined the Vodafone Group Plc Board in April 2014. He was previously the Group’s Chief Executive for the Africa, Middle East and Asia Pacific region and served as a board member of a number of Vodafone’s emerging markets subsidiaries including Vodacom Group and Vodafone India. He joined Vodafone in 2001 as Vodafone UK Finance Director before being appointed Vodafone UK Chief Commercial Officer then Vodafone UK Chief Executive. Prior to joining Vodafone, Nick Read held senior global finance positions with United Business Media Plc and Federal Express Worldwide. He is a Fellow Chartered Management Accountant and a Chartered Global Management Accountant with a BA (Hons) in Accounting and Finance. He has also been nominated for election to the board of Booking Holdings, Inc., effective June 2018.

Margherita Della Valle was appointed Deputy Group Chief Financial Officer in 2015. She was previously Group Chief Financial Controller, Chief Financial Officer for the Europe region, and Chief Financial Officer for Vodafone Italy. She joined Omnitel Pronto Italia – which later became Vodafone Italy – in 1994 and held various consumer marketing positions in business analytics and customer base management before moving to finance. Margherita Della Valle has a Masters in Economics from Bocconi University and is also a Non-Executive Director on the board of Centrica plc.

before moving to finance. Margherita Della Valle has a Masters in Economics from Bocconi University and is also a Non-Executive Director on the board of Centrica plc.

 

Over the last ten years, he has overseen a strategic reshaping of the Group, exiting minority shareholdings to focus on controlled and co-controlled assets while growing mobile customer numbers from 269 million to 536 million (plus 19.7 million broadband customers) over 25 countries, including significant businesses in India, Egypt, Turkey and across Africa.

Nick Read was appointed Group Chief Financial Officer and joined the Vodafone Group Plc Board in April 2014. He was previously the Group’s Chief Executive for the Africa, Middle East and Asia Pacific region and served as a board member of a number of Vodafone’s emerging markets subsidiaries including Vodacom Group and Vodafone India. He joined Vodafone in 2001 as Vodafone UK Finance Director before being appointed Vodafone UK Chief Commercial Officer then Vodafone UK Chief Executive. Prior to joining Vodafone, Nick Read held senior global finance positions with United Business Media Plc and Federal Express Worldwide. He is a Fellow Chartered Management Accountant and a Chartered Global Management Accountant with a BA (Hons) in Accounting and Finance. He has also been nominated for election to the board of Booking Holdings, Inc., effective June 2018.

Margherita Della Valle was appointed Deputy Group Chief Financial Officer in 2015. She was previously Group Chief Financial Controller, Chief Financial Officer for the Europe region, and Chief Financial Officer for Vodafone Italy. She joined Omnitel Pronto Italia – which later became Vodafone Italy – in 1994 and held various consumer marketing positions in business analytics and customer base management before moving to finance. Margherita Della Valle has a Masters in Economics from Bocconi University and is also a Non-Executive Director on the board of Centrica plc.

 

 

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