Vodafone CEO steps down after a decade as profits return
Vodafone CEO steps down after a decade as profits return
Vittorio Colao chief executive officer of Vodafone
15 May, 2018, 17:13
Colao will be replaced by current Group CFO Nick Read, who in turn will be succeeded by his deputy Margherita Della Valle.
Vodafone also announced full-year results for the period ending 31 March 2018.
Colao's decade as CEO at Vodafone has been mostly characterised by sales to clean up a sprawling global network of businesses and stakes in telecoms companies that he inherited from his predecessor Arun Sarin in July 2008.
Colao was appointed to the role in July 2008, and over 10 years at the helm has diversified Vodafone beyond its roots in consumer mobile to become an worldwide enterprise services provider, establishing a leading position in the internet of things (IoT) as well as embracing 4G and broadband services. The merger, announced previous year, of Vodafone's unit in India with Idea, created to let the two combat a raging price war in the world's second largest mobile phone market, is also awaiting final approvals.
Read was appointed the group's CFO and joined the Vodafone Group Plc Board in April 2014.
Margot Kidder, who played Lois Lane in 'Superman' dies at 69 She was arrested at the White House in 2011 during a protest against the construction of an oil pipeline from Alberta to Texas. Franzen-Davis Funeral Home in Livingston, Montana, posted a notice on its website saying Kidder died Sunday at her home there.
British telecoms giant Vodafone on Tuesday announced a return to annual profit, as it revealed that long-serving chief executive Vittorio Colao will step down later this year.
Vodafone's chairman, Gerard Kleisterlee, said: "On behalf of the board, I would like to express our gratitude to Vittorio for an outstanding tenure. He has been an exemplary leader and strategic visionary who has overseen a dramatic transformation of Vodafone into a global pacesetter in converged communications, ready for the Gigabit future".
Group operating profit was up 15.4 per cent to €4.3 billion, with profit for the year of €2.8 billion, and total revenue down 2.2 per cent to €46.6 billion, primarily ascribed to to the deconsolidation of Vodafone Netherlands and FX movements.
There doesn't seem to be any juicy gossip behind the move, he has presumably just made a decision to spend more time with his cash, having spent a decade in charge.
"Our sustained investment in network quality supported robust commercial momentum", he added. It also comes ahead of the merger of its struggling Indian business with Idea Cellular, a deal that is expected to close in June. The company forecast it will grow organic adjusted earnings before interest, taxes, depreciation and amortisation by 1-5% in fiscal 2019, bringing the midpoint result below the average analyst estimate of €14.6bn.
The Realme 1 will be sold exclusively on Amazon India with the first flash sale taking place on May 25 starting at 12pm. In terms of performance, the device is powered by an octa core MediaTek Helio P60 SoC coupled with Mali-G72 MP3 GPU.
While Goetze misses out, coach Joachim Loew pulled a surprise by handing Freiburg striker Nils Petersen a first call-up. Defending champion Germany will play Mexico, Sweden and South Korea at the World Cup in Russian Federation .
Recent reports, however, suggest that Congress has approached JD (S) for a post-poll alliance, in the event of a hung assembly. It predicts 82 to 94 seats for the Congress , while the JD (S) and others will get 18-31 seats and 1 to 8 seats respectively.
The home side now is in sight of a possible draw against Pakistan , with just the barest sniff of an unlikely victory at Malahide. O'Brien performed similar heroics in Bangalore in 2011 when Ireland found themselves 111 for five in response to England's 327.
However, Setoodeh reported that those remaining in the cinema did give its director an ovation after its finale. We experience the story from Jack's point of view, while he postulates each murder is an artwork in itself.
REGIONS TRADITION: The Regions Tradition will begin Wednesday and continues through Sunday at Greystone Golf and Country Club. A cold front Thursday afternoon/evening will provide an increasing chance of showers and thunderstorms.
Interestingly, many believe that Xiaomi might rebrand its recently-launched Redmi S2 and bring it as Redmi Y2 in India . Importantly, the Redmi Y1 also has a dedicated microSD card slot to separately give users the space for two SIM cards.
Additionally, the molecule also works against viruses related to the cold virus, such as polio and foot and mouth disease viruses. The Imperial College researchers reported that IMP-1088 blocked the common cold without affecting healthy cells.
Spending in the hotly contested gubernatorial primary has passed $20 million and is Tuesday's marquee race. Currently, 39, 262 unaffiliated voters in Colorado have asked for a specific party's ballot.
Maharashtra ATS Arrests Man Planning Terror Attacks
They had planned these attacks in crowded places, targeting public utilities and also VIPs of these cities, the official added. An ATS officer said, "It has been learned that the man had travelled to Pakistan via Sharjah after his stay in Dubai".
Partly Sunny Today, PM T-Storms
New rainfall amounts between a tenth and quarter of an inch, except higher amounts possible in thunderstorms. Also, high temperatures will be in the 70s and lower 80s, with overnight low temperatures in the 50s to 60s.
Is a Ms Marvel movie in the works?
Marvel is "the Muslim hero who is inspired by Captain Marvel ". 'We have plans for that once we introduce Captain Marvel '. According to Slash Film, the Marvel character is vibrant, peppy, and awkward with the abilities to shape-shift.
Huge explosion heard in Afghan capital Kabul
The insurgents released a statement warning residents to remain inside their homes and called on people to "stay calm". Another resident told TOLOnews that people were running from the city and the situation is " very bad ".
This Country, Three Girls Each Score Two BAFTA TV Awards
Sean Bean won Best Drama Actor for playing a troubled priest toiling in Liverpool in the fictional series " Broken " while Brian. John Motson was given a special award for his contribution to television on the same day he retired from football commentating.
Senate should confirm Gina Haspel
Donnelly, who had been publicly "undecided" on Haspel, announced his support less than 48 hours after the Elkhart rally. They wouldn't tell me when they were going to put the towel on they would just smash it on my face and start pouring.