Vodafone Announces Executive Committee Change
Why we think this is neutral
The RNS announcement details a routine executive change at Vodafone, with the appointment of a new head of the company's investment and strategy division to replace a departing executive. There are no indications of any major strategic or financial implications from this change.
Key Points
- Guillaume Boutin to join Vodafone as CEO of Investments & Strategy
- Serpil Timuray to leave Vodafone after 15-year career
- Vodafone Investments was established in 2024 to manage the company's non-controlled investments
Summary
Vodafone Group Plc has announced that Guillaume Boutin will join in May as CEO of Vodafone Investments & Strategy, and a member of the Group Executive Committee. He will replace Serpil Timuray, who has decided to leave Vodafone at the end of June after a 15-year career.
According to the broker targets, Citigroup and Barclays have both reiterated their ratings and price targets for Vodafone in recent months, with Citigroup maintaining a 'Neutral' rating and Barclays keeping an 'Equal-weight' recommendation.