11X Stock Market Accelerator Summit

Eric Fry reveals how an A.I.-based secret could make you up to 11 times RICHER on the same stocks you’re investing in now… without using options, leverage, or anything risky.

Wed, September 27 at 8:00PM ET

VOD Stock Alert: What to Know as Vodafone Says Goodbye to CEO


  • Vodafone (VOD) stock is on the move after announcing the departure of its CEO.
  • CEO Nick Read will step down from his role at the company at the end of the year.
  • CFO Margherita Della Valle will replace him as interim CEO starting in 2023.
red flag with the vodaphone (VOD stock) logo

Source: Photos by D / Shutterstock.com

Vodafone (NASDAQ:VOD) stock is on the move Monday as investors react to the company’s CEO stepping down after a poor year.

Vodafone CEO Nick Read will leave the company at the end of the year. This will have CFO Margherita Della Valle taking over as the interim CEO of the company following his departure. Read will stick around as an adviser to the company’s Board of Directors until March 31, 2023.

Della Valle will continue to serve as CFO of Vodafone while acting as interim CEO. During her time in the position, the executive will focus on improving operational performance to increase shareholder value.

VOD Seeks a New CEO

With Margherita Della Valle only serving as the interim CEO of Vodafone, the company wants a permanent replacement for Read. Vodafone says it has already started the process of seeking out a new CEO.

Nick Read said the following about his departure from Vodafone:

“It has been a privilege to spend over 20 years of my career at Vodafone and I am proud of what we have delivered for customers and society across Europe and Africa. I agreed with the Board that now is the right moment to hand over to a new leader who can build on Vodafone’s strengths and capture the significant opportunities ahead.”

VOD stock is down 1.4% as of Monday afternoon and down 28.1% since the start of the year.

Investors looking for more of the most recent stock market news are in luck!

InvestorPlace has all of the hottest stock news traders need to know about on Monday! A few examples include what’s moving shares of Chinese stocks, Yumanity Therapeutics (NASDAQ:YMTX) stock and VF Corporation (NYSE:VFC) stock today. You can read up on all of that at the following links!

More Monday Stock Market News

On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2022/12/vod-stock-alert-what-to-know-as-vodafone-says-goodbye-to-ceo/.

©2023 InvestorPlace Media, LLC