Last Updated: April 28, 2023, 08:18 IST
Vodafone confirmed interim chief government officer Margherita Della Valle to the position on Thursday, saying she impressed the corporate’s board along with her “tempo and decisiveness to start the required transformation” of the mobile operator.
The British company said it had conducted a rigorous internal and external search before choosing the insider, who has been chief financial officer since 2018.
She stepped into the top role on an interim basis after Nick Read left in December, when he said it was the right moment for a new leader.
“To realise our potential Vodafone needs to change,” she mentioned in a press release. “We know we will do higher. My focus will likely be to enhance the service for our prospects, simplify our enterprise and develop.”
Della Valle’s strongest backers included Vodafone’s institutional investors, such as the company’s biggest shareholder, Emirates Investment Authority, which has built up a 14.6% stake, a source told Reuters.
Shares in Vodafone were trading up 1.2% at 95 pence after the announcement.
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