Margherita Della Valle has been interim CEO of Vodafone Group since Nick Read stepped down in December 2022. Vodafone Group announced that Della Valle has been named as permanent Chief Executive. Della Valle’s career at Vodafone has included marketing, operational, commercial and financial positions.
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Della Valle has been with Vodafone for nearly 30 years, serving in various roles between 1994 and 2007 until she became the company’s CFO for its European operations. She became the Group financial controller in 2010, before rising to deputy CFO in 2015 and CFO in 2018. During her time as interim CEO, Della Valle was tasked with accelerating the execution of the company’s strategy to improve operational performance and deliver shareholder value.
Vodafone Group is a British multinational telecommunications company headquartered in London, United Kingdom. The company was founded in 1984 as Racal Telecom, a subsidiary of Racal Electronics, and was later acquired by the telecommunications firm, Hutchison Whampoa, in 1991. The company was then renamed to Vodafone Group in 1997 and went public the same year, with an initial public offering (IPO) on the London Stock Exchange.
In the years following its public listing, Vodafone Group expanded rapidly through a series of acquisitions and partnerships. In 2000, the company acquired Mannesmann AG, a German telecommunications company, in what was, at the time, the largest corporate merger ever. The acquisition gave Vodafone control of Mannesmann’s subsidiaries, including D2, Germany’s second-largest mobile phone network.
Vodafone Group continued its expansion through acquisitions and partnerships throughout the 2000s, including the acquisition of a controlling stake in Hutchison Essar, an Indian telecommunications company, in 2007. In 2013, Vodafone Group sold its stake in Verizon Wireless, a joint venture with Verizon Communications, for $130 billion, which remains one of the largest corporate deals in history.
Today, Vodafone Group is one of the largest telecommunications companies in the world, with operations in over 25 countries and a total customer base of over 500 million. The company offers a wide range of products and services, including mobile and fixed-line telecommunications, broadband and data services, and digital television.
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