Vodafone plays it safe, picks insider as new CEO
Vodafone Group has chosen 29-year company veteran Margherita Della Valle to be its next CEO, defying speculation that the challenged telecommunications giant would, for the first time, pick someone from beyond its own corporate orbit.
Since January, Della Valle has cut hundreds of jobs in the company’s London headquarters, appointed a chief commercial officer and delegated commercial decision making to local units. While Vodafone searches for an external successor, Della Valle is still the telecoms company’s chief financial officer, and has appointed Vodacom director Anna Dimitrova as group financial controller.
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