Vodafone Group CEO Nick Read will step down at the end of 2022 following a year when the telecommunications company’s share price sank.
Nick Read will step down at the end of 2022 following a year when the telecommunications company’s share price sank.
Chief financial officer Margherita Della Valle will become interim CEO, in addition to her current role, while a replacement is found, the company said in a statement on Monday. The company’s share price has sunk nearly 20% this year even after Read attempted to appease investors with asset sales and refocusing the British phone company’s business.The company, which owns JSE-listed Vodacom Group, agreed to sell a stake in its Frankfurt-listed Vantage Towers business to a private equity consortium last month. 2022 Bloomberg LP
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