Finance chief Halford plans Vodafone exit

 
Oliver Smith
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VODAFONE finance chief Andy Halford announced yesterday that he will leave the company in March 2014 after Vodafone’s £84bn sale of its stake in Verizon Wireless closes.

Halford, a 14-year Vodafone veteran, said: “Next year will be the right time for me to move on and seek the next challenge in my career, It has been a privilege to work for one of the greatest businesses of our era for almost half of its life.”

During his time as finance chief Halford has overseen the return of £61bn to shareholders as well as an additional upcoming £54bn from the proceeds of the Verizon sale.

Vodafone chief executive Vittorio Colao said that Halford had “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.”

Nick Read will take the job of finance chief from January 2014, and will be promoted to the board on 1 April later that year. Read has been chief executive of Vodafone’s Africa, Middle East and Asia-Pacific region since 2008, before which he was chief executive of Vodafone UK.