Monday, May 26, 2008

Arun Sarin Steps Down as CEO of Vodafone

Arun Sarin will step down as CEO of Vodafone on 29th July 2008. He will be succeeded by Deputy Chief Executive Vittorio Colao.

Arun Sarin became Chief Executive in July 2003 and has overseen significant growth of the company in terms of revenue, subscribers and expansion into new markets internationally. During his time as CEO, Vodafone has grown its proportionate customer base from 120 million to more than 260 million globally. Most recently, Vodafone has expanded into Romania, Czech Republic, Turkey, and India where Arun Sarin led the acquisition of Hutchison Essar, which is the largest foreign investment made in the country.

Vodafone Group Plc also announced today that Non Executive Directors Michael Boskin and Jürgen Schrempp will not be seeking re-election at the company's upcoming AGM in late July. Michael Boskin joined the Vodafone Board in 1999 on Vodafone's merger with AirTouch Communications Inc, having served for a number of years previously on the AirTouch Board. Jürgen Schrempp became a Director of Vodafone in 2000 when Vodafone completed its acquisition of Mannesmann, having been a member of Mannesmann's Supervisory Board before then.


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