"Today Vodafone is at a natural juncture, the strategic 10 -year reshaping of the group is now nearing completion," Colao, 56, told reporters. "Nick has been the core architect of Vodafone strategy for much of my tenure. "Analysts said the timing of the departure should come as no surprise and that investors should be reassured by Read's appointment. "Having joined Vodafone in 2001, Read's roles have included running the British and emerging market operations. "It has a been a real privilege to lead the group through a decade of massive strategic transformation culminating in today's good financial performance," Colao told reporters.

Source: Economic Times May 15, 2018 06:36 UTC