Vodafone has named Nick Read as its incoming CFO following Andy Halford’s resignation after almost nine years in the role. The UK-based operator announced today that Read, currently CEO of its African, Middle Eastern and Asia-Pacific (AMAP) division,…
Vodafone has named Nick Read as its incoming CFO following Andy Halford’s resignation after almost nine years in the role.
The UK-based operator announced today that Read, currently CEO of its African, Middle Eastern and Asia-Pacific (AMAP) division, will start his new role on 1 April 2014.
Read joined Vodafone in 2001, serving as CFO and then CEO of its UK operations before starting his current role in 2008. Previously, he spent 10 years as VP and CFO for Federal Express Worldwide’s European unit. He also served as CFO of United News and Media’s largest division, Miller Freeman Worldwide.
Read is currently on the boards of several Vodafone affiliates including Safaricom, Vodafone Hutchison Australia, Indus Towers, Vodafone Egypt and Vodafone India.
Halford, who joined Vodafone in 1999, has told the Vodafone board he intends to leave the group at the end of March next year after the closure of its US$130bn sale of its stake in US mobile operator Verizon Wireless to JV partner Verizon Communications.
Before starting his current role in 2005, Halford served as CFO for Northern Europe, the Middle East and Africa and then CFO of Verizon Wireless.
Halford described his time with the group as “a privilege”, saying “[n]ext year will be the right time for me to move on and seek the next challenge in my career”.
Meanwhile, Serpil Timuray, CEO of Vodafone Turkey since 2009, will succeed Read as the head of the AMAP region on 1 January 2014.
She in turn will be succeeded as Vodafone Turkey head by Gokhan Ogut, currently the Turkish unit’s chief commercial and operations officer.
Yesterday, it was announced that Aldo Bisio will lead Vodafone Italy as of 1 January 2014. He will replace Paolo Bertoluzzo, who became chief commercial and operations officer for the Vodafone Group.
The British giant has announced several executive changes over the last few months, including the appointment of Jeroen Hoencamp as CEO of its UK operations. He replaced Guy Laurence, who became the head of Canada’s Rogers Communications in mid-September.
