REG - Vodafone Group Plc - Appointment of Chief Financial Officer Designate

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RNS Number : 4498N  Vodafone Group Plc  19 June 2025

19 JUNE 2025

Vodafone appoints Pilar López as Chief Financial Officer Designate

 

Vodafone Group Plc ("Vodafone") announces today the appointment of Pilar
López as Chief Financial Officer Designate effective 1 October 2025. Pilar
will succeed Luka Mucic who, as announced on 7 May 2025, has decided to leave
Vodafone. Following her appointment as Chief Financial Officer Designate,
Pilar will begin a period of handover from Luka. Pilar's formal appointment as
Chief Financial Officer and Executive Director to the Board of Vodafone will
commence on 1 December 2025, following Luka's departure from Vodafone on 30
November 2025.

 

Margherita Della Valle, Vodafone Group CEO said: "I am delighted that Pilar
will be joining Vodafone in October. She has deep-rooted knowledge of both the
telecoms and technology sectors, across a range of international leadership
positions. Following a significant period of change at Vodafone, Pilar is
joining us as we continue to drive operational excellence across the Group."

 

Pilar López said: "I'm thrilled to be joining Vodafone at such an important
time in the Group's transformation. I am excited to work with Margherita and
the team as Vodafone continues to improve the service to its customers,
further simplify operations across the Group, and deliver sustainable growth
in free cash flow."

 

Jean-François van Boxmeer, Vodafone Group Chair said: "Following an extensive
and rigorous international search, I am very pleased to welcome Pilar to
Vodafone and our Board. She brings strong experience from the finance,
telecoms and technology sectors across Europe, and is an excellent addition to
our team."

 

Other than disclosed below, there is no further information to disclose for
Pilar López in accordance with UK Listing Rule 6.4.8.

 

 ENDS 

Contact details

 Media Relations:                                                 Investor Relations

 Vodafone.com/media/contact (http://vodafone.com/media/contact)   investors.vodafone.com (https://investors.vodafone.com)

 GroupMedia@vodafone.com (mailto:GroupMedia@vodafone.com)         ir@vodafone.co.uk (mailto:ir@vodafone.co.uk)

 

 

Supplementary information

Pilar López biographical information

Pilar joins Vodafone from Microsoft, where she has served for 10 years in a
range of senior leadership positions including COO for Western Europe, Country
General Manager for Spain and more recently leading Microsoft's partnership
with the London Stock Exchange Group.

Prior to Microsoft, Pilar spent 16 years with Telefónica in a number of
finance and senior leadership positions. Her experience at Telefónica
includes CFO Telefónica Europe, CFO O2 Plc, Global Simplification Director,
leading Strategy & Business Development in Spain and serving on the
Supervisory Board of Telefónica Germany.

Pilar began her career at J.P. Morgan. Pilar is currently a Non-Executive
Director of Inditex S.A. and was previously a Non-Executive Director of
Ferguson Plc.

Pilar completed a Bachelors of Finance at Comillas Pontifical University.

 

Remuneration

All remuneration arrangements are consistent with the terms of the Directors'
Remuneration Policy approved by shareholders at the AGM in July 2023,
including support for relocation in line with Vodafone's relocation and
international assignment policies, which will cover (but is not limited to)
immigration, relocation, housing, and tax advice. Further detail will be set
out in the 2026 Directors' Remuneration Report.

The core elements of Pilar López's remuneration as Group Chief Financial
Officer will be as follows:

·    Base salary: £725,000

·    Bonus: a maximum of 200% of base salary

·    Long-term incentive: a maximum of 450% of base salary

·    Pension: 10% of base salary as an allowance, in line with the wider
UK workforce

·    Car allowance: £19,200

 

About Vodafone

everyone.connected

Vodafone is a leading European and African telecoms company. We provide mobile
and fixed services to over 340 million customers in 15 countries, partner with
mobile networks in over 40 more and have one of the world's largest IoT
platforms. In Africa, our financial technology businesses serve almost 88
million customers across seven countries - managing more transactions than any
other provider.

Our purpose is to keep everyone connected by using technology to improve
lives, businesses and help progress inclusive sustainable societies. We are
committed to reducing our environmental impact to reach net zero emissions by
2040.

 For more information, please visit www.vodafone.com
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