Vodafone CFO Andy Halford to Leave, Nick Read to Be New CFO
LONDON--Mobile communications company Vodafone Group PLC (VOD.LN) said Thursday it has named Nick Read as group chief financial officer-designate, after the decision of Andy Halford to leave the company by end of March next year.
Mr. Read, who will assume the role on Jan. 1, 2014, will also be appointed to the Vodafone's board on April 1, 2014. Mr. Halford will leave the company after the conclusion of Verizon Communications Inc.'s (VZ) $130 billion buyout of Vodafone's stake in Verizon Wireless.
Mr. Read, will be succeeded as chief executive of the Africa, Middle East and Asia-Pacific region by Serpil Timuray, chief executive of Vodafone Turkey, on Jan. 1, 2014.
Shares of Vodafone at 1039 GMT up 2 pence, or 0.9%, at 221 pence.
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(END) Dow Jones Newswires 10-03-130713ET Copyright (c) 2013 Dow Jones & Company, Inc.