Vodafone Boss Nick Reed is to Step Down Soon

[{"selector":"#anim-79f4a0b9-bb5c-4dca-8f37-2108891574d7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-9e3b6c88-b4fc-4f09-ab00-f016be7ec5bc","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d904702a-f68d-477b-ab24-dbc5baef6438","keyframes":{"transform":["translate3d(0px, -188.62424%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Vodafone CEO Nick Reed to step down on December 31, after 4 years.

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[{"selector":"#anim-e6566bc8-3e96-4b08-96a4-676b3b643b69 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-30bd2f77-8df7-4d8c-9354-301fc043ec6b","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8ae85aa6-aa5f-4213-8e50-030da8949bdf","keyframes":{"transform":["translate3d(0px, -188.62424%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] 40 lakh users cancel their service subscriptions, VI saw a drop in the number of users.

[{"selector":"#anim-6259c0fb-361b-47a7-819e-16b58474ae1e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-9876c296-4ccd-483c-b8c4-cacd4bc31819","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7472c3f3-584a-45c6-95f7-35016c19b4ca","keyframes":{"transform":["translate3d(0px, -188.62424%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Due to a sharp drop in income and stock prices, Nick Reed left his position.

[{"selector":"#anim-3f134782-1773-4cda-ba5c-5acd9fe345af [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-375f738e-c85e-4553-8783-32100e2cf3de","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-95b2060d-4317-4648-bd89-de9e42fc23f2","keyframes":{"transform":["translate3d(0px, -188.62424%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] According to the organization's official announcement, Reed will leave his position as CEO at the end of December 2022.

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Margherita Della Valle, the CMO of Vodafone, will succeed Reed.

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[{"selector":"#anim-b9329bd9-e315-44c1-9b22-feb10059dbc4","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3325f737-68cc-43f3-ba06-9614e7617c73","keyframes":{"transform":["translate3d(0px, -188.62424%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-56a40d14-14aa-4ae4-9cd6-6de075916307 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-fdcf891f-5bcd-42ef-9057-96e6e9031b01","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-afd6e5cb-0803-4c2c-bc08-577c0a086314","keyframes":{"transform":["translate3d(109.16905%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-701851ad-8059-4535-b9f6-b1cf1ac45e11","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8be5e512-7412-4d95-b200-b4537b908596","keyframes":{"transform":["translate3d(104.49736%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Nick Reed has worked for the business for more than 20 years, the past four of which he has spent in the role of CEO.

[{"selector":"#anim-f9890ba1-4220-4338-b3c1-923377563454","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-555ffa64-63ff-4d14-ad2f-fe90d8e1a9c7","keyframes":{"transform":["translate3d(0px, -188.62424%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-14416fc3-4fb7-4343-9429-5cf0425f64cd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-27aabb0b-d699-4cb3-b132-039de94c2bde","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e0656f29-1ef3-4386-95b2-ce7fbe6910bb","keyframes":{"transform":["translate3d(112.08458%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2638c4c0-70f1-485f-8035-ba7c8a0c909c","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-04795309-884f-4b9c-a624-59d174daa199","keyframes":{"transform":["translate3d(104.49736%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] "It has been a privilege to spend over 20 years of my career at Vodafone and I am proud of what we have delivered for customers and society across Europe and Africa".

[{"selector":"#anim-3e63e99d-1d66-47cd-8f9f-4497583c4b86","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-57d0597c-d355-4d44-b94b-d6f4cc474f8a","keyframes":{"transform":["translate3d(0px, -188.62424%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f9bdd4dd-3085-404c-923d-484b61575844 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e6b13a4e-ab34-406b-a517-ac5005779af2","keyframes":{"opacity":[0,1]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b6a40c94-979f-40d0-8b32-8c1057d3d68e","keyframes":{"transform":["translate3d(110.97560%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d579f9a2-d269-4152-9a3a-61e432a76dd1","keyframes":{"opacity":[0,1]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6f1296da-1bb2-4407-95a6-26139f963b57","keyframes":{"transform":["translate3d(102.04082%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] He further added "I agreed with the Board that now is the right moment to hand over to a new leader who can build on Vodafone's strengths and capture the significant opportunities ahead,"