Vodafone Group CFO Andy Halford to leave next year

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Halford will be replaced by current chief executive of Africa, Middle East and Asia-Pacific (AMAP) Nick Read

Vodafone Group’s chief financial officer Andy Halford is to leave the company in March, it announced today.

He will be replaced by current chief executive of Africa, Middle East and Asia-Pacific (AMAP) Nick Read, who in turn will be replaced by Serpil Timuray.

Halford joined Vodafone in 1999, holding the position of chief financial officer for Northern Europe, Middle East and Africa between 2001 and 2002, when he became the chief financial officer of Vodafone’s joint venture with Verizon Communications, Verizon Wireless.

He was appointed as group chief financial officer in 2005.

Read joined Vodafone in 2001, and held the position of Vodafone UK’s chief financial officer before being appointed UK chief executive in 2006 and chief executive of the AMAP region in 2008.

Timuray was appointed as chief executive of Vodafone Turkey in 2009 and as director on the board of Vodacom (Vodafone-owned African telecommunications company) Group in South Africa in September 2012.

Vodafone Group Chief Executive Vittorio Colao said: “Andy and I have worked together for many years: he has played an integral role in creating immense value for our shareholders and shaping the future direction of the group.

“Andy has been a fantastic colleague, and the team and I are grateful for everything he has achieved in his time with Vodafone. Over the last five years, Nick has led the AMAP region through a period of rapid growth, increasing revenues and profits in our major emerging markets businesses.

“He is a highly experienced contributor to the group’s long-term strategy, and I look forward to working with him in his new role. Nick will be ably succeeded by Serpil, one of Vodafone’s most accomplished senior leaders with a strong commercial and operational track record in a key growth market.”

Halford said: “It has been a privilege to work for one of the greatest businesses of our era for almost half of its life and to have been involved with Verizon Wireless from the earliest days. Next year will be the right time for me to move on and seek the next challenge in my career, and I thank the Board, Vittorio and the team for their support over the years.”

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