Vodafone Loses CEO
2022.12.05 02:32
Vodafone Loses CEO
Budrigannews.com – The Vodafone Group in Britain (LON:) said on Monday that finance chief Margherita Della Valle would take over as chief executive until the end of the year from Nick Read.
Read led the mobile company through the pandemic, sold assets to increase its focus on Europe and Africa, and spun out its towers infrastructure into a separate unit during his four years in charge.
The group reduced its outlook for the full year last month because, despite the changes, its shares had remained stagnant.
“I agreed with the board that it is appropriate to hand over to a new leader who can build on Vodafone (NASDAQ:) at this time.””in a statement, he said, “‘s strengths and capitalize on the significant opportunities that lie ahead.”
