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Vodafone chief to leave this month

Vodafone chief to leave this month

Vodafone Group CEO Nick Read “has agreed with the board” that he will “step down” as chief executive, and as a director, on 31 December, 2022.

Vodafone chief financial officer Margherita Della Valle has been appointed interim group chief executive, as the company looks for a successor to Read, who has been with the firm for 20 years - four as CEO. Della Valle will combine both roles for now.

During his tenure as CEO, he led Vodafone through the pandemic, sold off non-core regional businesses to concentrate on Europe and Africa, and sought to increase sales in the Vodafone Business unit.

Read said: “I agreed with the board that now is the right moment to hand over to a new leader, who can build on Vodafone’s strengths and capture the significant opportunities ahead.”