REG - Vodafone Group Plc - VODAFONE APPOINTS GROUP CHIEF EXECUTIVE

VodafoneAnnouncement

27/04/2023 14:45

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RNS Number : 7486X  Vodafone Group Plc  27 April 2023

27 April 2023

 

THE ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

VODAFONE APPOINTS GROUP CHIEF EXECUTIVE

 

 

Vodafone Group Plc ("Vodafone") announces today that Margherita Della Valle
has been appointed Group Chief Executive.

 

Jean-François van Boxmeer, Vodafone Group Chairman said:

 "On behalf of the Board, I am delighted to announce the appointment of
Margherita as Group Chief Executive, following a rigorous internal and
external search.

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 Chief Executive, 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."

 

Margherita Della Valle, Vodafone Group Chief Executive 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."

 

In addition to being appointed Group Chief Executive, Margherita Della Valle
will also continue as Group Chief Financial Officer until an external search
for a new Group Chief Financial Officer is complete.

 

Person responsible

The person responsible for arranging the release of this announcement on
behalf of Vodafone is Maaike de Bie Group General Counsel and Company
Secretary (Tel: +44 (0)1635 33251)

 

For more information, please contact:

Investor
Relations
Media Relations

Investors.vodafone.com
Vodafone.com/media/contact

ir@vodafone.co.uk
GroupMedia@vodafone.com

Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14
2FN, England. Registered in England No. 1833679

 

 

Supplementary information

Remuneration

Margherita Della Valle's remuneration as Group Chief Executive will be as
follows:

· Base salary: £1,250,000 per annum.

· Bonus: Maximum of 200% of base.

· LTIP: Maximum of 500% of base.

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

· Car allowance: £19,200. No change to her current position.

All remuneration arrangements are consistent with the terms of the Directors'
Remuneration Policy approved by shareholders at the AGM in July 2020. Further
detail will be set out in the 2023 Directors' Remuneration Report.

 

About Vodafone

Unique in its scale as the largest pan-European and African technology
communications company, Vodafone transforms the way we live and work through
its innovation, technology, connectivity, platforms, products and services.

Vodafone operates mobile and fixed networks in 22 countries, including 5 joint
ventures and associates, and partners with mobile networks in 46 more. As of
31 December 2022, we had over 330 million mobile customers, more than 28
million fixed broadband customers, and 21 million TV customers. Vodafone is a
world leader in the Internet of Things (IoT), connecting over 155 million
devices and platforms.

We have revolutionised fintech in Africa through M-Pesa, which celebrated its
15(th) anniversary in 2022. M-Pesa is the region's largest fintech platform,
providing access to financial services to more than 58 million people in a
secure, affordable and convenient way.

Our purpose is to connect for a better future by using technology to improve
lives, digitalise critical sectors and enable inclusive and sustainable
digital societies.

We are committed to reducing our environmental impact to reach net zero
emissions across our full value chain by 2040, while helping our customers
reduce their own carbon emissions by 350 million tonnes by 2030.  We are
driving action to reduce device waste and achieve our target to reuse, resell
or recycle 100% of our network waste.

We believe in the power of connectivity and digital services to improve
society and economies, partnering with governments to digitalise healthcare,
education and agriculture and create cleaner, safer cities. Our products and
services support the digitalisation of businesses, particularly small and
medium enterprises (SMEs).

Our inclusion for all strategy seeks to ensure no-one is left behind through
access to connectivity, digital skills and creating relevant products and
services such as access to education, healthcare and finance. We are also
committed to developing a diverse and inclusive workforce that reflects the
customers and societies we serve.

For more information, please visit www.vodafone.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.vodafone.com%2F&data=05%7C01%7Cella.south%40vodafone.com%7C8a217e2cfebb4fb04d3808db0376f630%7C68283f3b84874c86adb3a5228f18b893%7C0%7C0%7C638107581700880950%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=K5rhxg8UsI8GTXl5ni5d3DgIMbK0sNRywkAbT5ApdwU%3D&reserved=0)
, follow us on Twitter at @VodafoneGroup or connect with us on LinkedIn at
www.linkedin.com/company/vodafone
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