Newbury-based Vodafone appoints new CFO as it reveals increased revenue growth

By Peter Davison

24 July 2023

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Luka Mucic

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.

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.

By Peter Davison

Peter Davison is deputy editor of The Business Magazine. He has spent his life in journalism – doing work experience in newsrooms in and around Bristol while still at school, and landing his first job on a local newspaper aged 19. By 28 he was the youngest newspaper editor in the country.

An early advocate of online news, he spent the first years of the 2000s telling his bosses that the internet posed both the biggest opportunity and greatest threat to the newspaper industry and the art of journalism. He was right on both counts.

Since 2006 he has enjoyed a career as a freelance journalist. He lives in rural Wiltshire with one wife, two children, and three cats.