The Vodafone boss has announced his retirement at the end of the year.
(Photo: NurPhoto/Getty Images)
London The telecommunications company Vodafone surprisingly has to look for a new boss. Nick Read will give up his post at the end of the year and will be available as a consultant until the end of March next year, Deutsche Telekom’s British competitor announced on Monday.
CFO Margherita Della Valle will temporarily lead the company. The search for a successor has begun.
Read has led the group since 2018 and has worked for the company since 2001. In contrast to the competition, Vodafone recently expected a rather weak profit development for this financial year.
More: Vodafone sells large part of its radio towers – Americans will soon control the infrastructure
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