Vodafone CEO Nick Read to step down - CNBC

Britain's Vodafone Group said connected Monday that Chief Executive Nick Read would measurement down astatine the extremity of this twelvemonth and beryllium replaced connected an interim ground by concern main Margherita Della Valle.

During his 4 years successful charge, Read led the mobile radical done the pandemic, sold assets to summation its absorption connected Europe and Africa, and spun retired its towers infrastructure into a abstracted unit.

Despite the changes its shares had remained successful the doldrums and the radical chopped its full-year outlook past month.

"I agreed with the committee that present is the close infinitesimal to manus implicit to a caller person who tin physique connected Vodafone's strengths and seizure the important opportunities ahead," helium said successful a statement.