Posted on 27-May-2008 20:28.
Filed under: News
Vodafone Group Plc has announced that, after five years in the role, Arun Sarin will be retiring as Chief Executive at the end of the Company's AGM on 29th July 2008.
He will be succeeded by Deputy Chief Executive Vittorio Colao.
Arun Sarin became Chief Executive in July 2003 and over the last five years has led the company through a period of significant change, both strategic and organisational. Under his leadership Vodafone has developed and implemented a new strategy to become a total communications company.
As part of its strategy Vodafone has also expanded into emerging markets including Romania, Czech Republic, Turkey, and most recently, India where Arun Sarin led the acquisition of Hutchison Essar, which is the largest foreign investment made in the country.
In portfolio management, during this time the Company also disposed of its businesses in Japan and Sweden, together with interests in Switzerland and Belgium.
During his time as Chief Executive the Company has also grown its proportionate customer base from 120 million to more than 260 million globally.