Vodafone changes CEO
Vittorio Colao is to become the new CEO of Vodafone, the mobile telecommunications giant. Current CEO Arun Sarin is to retire on 29 July.
Vodafone Group Plc today announced that, after five years in the role, Arun Sarin will be retiring as Chief Executive at the end of the Company̵7;s AGM on 29 July 2008. He will be succeeded by Deputy Chief Executive Vittorio Colao.
Arun Sarin became Chief Executive in July 2003.
Vittorio Colao, aged 46, was appointed Chief Executive, Europe and Deputy Group Chief Executive of Vodafone Group Plc in October 2006. He holds a Business Degree cum Laude from Bocconi University and an MBA with Honours from the Harvard Business School. Between 2004 and 2006 he was Chief Executive Officer of RCS MediaGroup in Milan, a publisher of newspapers, magazines and books in Italy, Spain, and France.
Prior to that, he held the post of Regional CEO, South Europe, Middle East and Africa, of Vodafone Group Plc, and he was an Executive Director on the main Board. Before the Vodafone acquisition, Vittorio was COO and CEO of Omnitel Pronto Italia, now Vodafone Italy.
Vodafone recently announced group revenue of £35.5 billion for the year. Group EBITDA was up 10 per cent to £13.2 billion.
Image: Vittorio Colao, Vodafone's CEO-designate