Tuesday, 15 May 2018

Vodafone boss Vittorio Colao steps down after 10 years in charge.

Vodafone boss Vittorio Colao will step down in October after 10 years at the helm of the world’s second-largest mobile operator. 

Mr Colao, who previously ran Vodafone’s Italian business before being appointed chief executive in 2008, will be replaced by the FTSE 100 firm’s chief financial officer Nick Read. 

The news came as Vodafone revealed a 40pc hike in annual pre-tax profits to €3.9bn (£3.4bn) as it signed up record numbers of high-speed broadband customers. 

Shares in Vodafone were down 3.59pc at 199.76p, making the mobile operator the biggest faller in the FTSE 100 index this morning.

By Jack Torrance.
Full story at Yahoo News.

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