Vodafone begins search for new CEO after Read steps down

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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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“The detail is very good. Better than we get internally.” – GM, Vodafone OpCo 

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