Newbury-based Vodafone appoints new CFO as it reveals increased revenue growth
Newbury-based telecommunications giant Vodafone has announced the appointment of its new CFO and reported growing revenues.
Luka Mucic, the former CFO of German software solutions provider SAP will join Vodafone on September 1.
He will replace Margherita Della Valle who took on the role of CEO job permanently in April.
Read more: Newbury-based Vodafone agrees merger with Reading-based mobile network rival Three UK
She said: “I am thrilled that Luka will be joining the Vodafone team.
"He has a strong track record of international leadership, corporate repositioning and value-creation.
"Luka is joining us at a critical time as we undertake the transformation of Vodafone.” Luka said: “I am very excited to be joining Vodafone at this important stage of the Group’s development.
"I look forward to working with Margherita and the team in delivering Vodafone’s strategic priorities of Customers, Simplicity and Growth.”
Today (Monday) the firm announced that quarterly revenues were up by 3.7 per cent across the group - despite a decline of 1.3 per cent in its biggest market, Germany.
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Growth in service revenue in Britain, where Vodafone announced the merger of its operation with Hutchison's rival network Three last month, was up 5.7 per cent.
Revenue was boosted by increasing charges on mobile and broadband tariffs.
The firm said that in Q1 it signed up 42,000 broadband users in the UK, bringing its UK customer base to 1.3 million.
