Margherita Della Valle made Vodafone’s first female CEO
Margherita Della Valle has officially been hired as Vodafone's new Group CEO.
Her predecessor, Nick Read, stepped down at the end of last year following four years in the top job. The company initially named Della Valle as Interim Chief Executive and opted to make her appointment permanent from Thursday (27 April).
Della Valle will also continue as Group CFO until an external search for a new candidate has been completed. She is one of only 10 female CEOs at the UK’s top 100 listed companies and Vodafone's first permanent female CEO.
She said: “I am honoured to have been appointed as Group Chief Executive. Vodafone has a unique position in Europe and Africa with strong customer relationships, networks and people.
“To realise our potential, Vodafone needs to change. We know we can do better. My focus will be to improve the service for our customers, simplify our business and grow.”
New Vodafone boss brings 'strong track record'
Jean-François van Boxmeer, Chairman of the Vodafone Group, said the process to find Read's successor had entailed a "rigorous internal and external search."
He added: "On behalf of the board, I am delighted to announce the appointment of Margherita as Group CEO.
“Margherita has a strong track record during her long career at Vodafone in marketing, operational, commercial and financial positions. Over the last few months as Interim Group CEO, the board and I have been impressed with her pace and decisiveness to begin the necessary transformation of Vodafone.
“Margherita has the full support of myself and the board for her plans for Vodafone to provide better customer experience, become a simpler business and accelerate growth.”
Approaching three decades of service, Della Valle has been with Vodafone since 1994, working in a variety of roles across her tenure including Europe CFO, Group Financial Controller and Deputy Group CFO.
Della Valle will earn a base salary of US$1.56 million, with her bonuses limited to a maximum of 200% of her base salary.
- Why learning and development is crucial to AI adoptionTechnology
- World Menopause Day 2023: Are employers doing enough?Human Capital
- The key skills needed by C-suite leaders to achieve growthLeadership & Strategy
- Six high-profile CEO moves in the Middle East this monthLeadership & Strategy
Featured Articles
SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology
Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software
To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI