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Vodafone begins search for new CEO after Read steps down

Richard Agnew2022-12-05T08:35:00

vfw194-tt-nick-read-offices

Source: Concordia

Look to recent board additions for likely profile of sucessor – more growth, more 21st century, more dynamic, less-insider.

Nick Read to depart on 31 December, after just over four years at helm. Surprising only in abrupt timing.
CEO says he “agreed with the Board that now is the right moment to hand over to a new leader”.
Chairman van Boxmeer now imposing himself on board and C-Suite, ahead of next FY, but still needs to demonstrate grasp of challenges and convince investors.
CFO Margherita Della Valle to fill in while Group conducts search for replacement.

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