Wednesday, June 19, 2024
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Vodafone CEO Nick Read will step down as CEO at the end of December 2022. He will be temporarily replaced by Margherita Della Valle, the current Chief Financial Officer of Vodafone Group. Nick Read has been with the organization for over 20 years and has served as CEO for the last four years.

“It has been a privilege to spend over 20 years of my career at Vodafone and I am proud of what we have delivered for customers and society across Europe and Africa. 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,” says Nick in his official statement.

According to reports, Read resigned as the board was concerned about the falling share of Vodafone and lack of progress in the growth of the company.

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