Vodafone Group Plc
13 October 2006
13 October 2006
ORGANISATIONAL CHANGE
Since Vodafone announced its new structure earlier this year, with two
geographic regions and a New Businesses and Innovation Unit to develop the
mobile plus strategy, it has seen good progress with new product roll-out
including Vodafone At Home, Vodafone Office and broadband products.
The Company today announces that it is devolving the activities of the New
Businesses and Innovation Unit into parts of the organisation closer to the
customer. The new structure will simplify the organisation and enable the Group
functions to work even more closely with the businesses.
In the new stream-lined structure, the Group functions reporting to the European
Region together with the operating companies will execute the mobile plus
strategy, and a Group Strategy and New Business function will identify new
business opportunities and key partnerships.
As a result of these changes, Thomas Geitner, CEO New Businesses and Innovation
will step down from the Board of Vodafone at the end of December 2006 after the
transition to the new structure.
Mr Geitner joined Vodafone in 2000 as an Executive Director with responsibility
for establishing and managing global products and services. In this position he
was responsible for establishing Vodafone as a global brand, for the creation
and successful launch of Vodafone live! in 2002 and the establishment of a
global supply chain organisation.
In 2003 he was appointed Vodafone's Chief Technology Officer and in this
capacity he initiated and led the One Vodafone programme, established a set of
shared service organisations and created the Group's leadership position on 3G
across Europe.
Commenting, Chief Executive Arun Sarin said:-
'This change is designed to deliver even greater organisational clarity and
accountability as we operationalise our new strategy. Recent product
announcements including our broadband offerings in the UK, Germany and Italy
show how we are able to respond to changing customer needs in individual
markets.
'Our operating companies are seeing the significant benefits which can be
delivered through the mobile plus strategy and therefore the changes announced
today provide the opportunity for our local businesses to roll-out their new
products and services at speed.
'Thomas Geitner has made a highly significant contribution to Vodafone Group
over the last six years. He has led major integration and transformation
programmes for the Group.
'I really appreciate the tremendous service Thomas has provided and we are truly
sad to see him leave Vodafone. On behalf of the Board, I would like to take this
opportunity to wish Thomas and his family all the best in the future and to
thank him for his leadership and for all he has done for the Company.'
- ends-
For further information:
Vodafone Group
Investor Relations
Tel: +44 (0) 1635 664447
Media Relations
Tel: +44 (0) 1635 664444
(c) Vodafone Group 2006. VODAFONE, the Vodafone logos, Vodafone live!, Vodafone
At Home, Vodafone Office and Vodafone Mobile Connect are trade marks of the
Vodafone Group. Other product and company names mentioned herein may be the
trade marks of their respective owners.
This information is provided by RNS
The company news service from the London Stock Exchange
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