The search for his replacement is underway – his tenure as CFO is thought to be the shortest in the group’s history
After just 21 months, Vodafone Group has announced that Luka Mucic (pictured) will step down as Chief Financial Officer and as Executive Director of the Board no later than early next year. Vodafone said, “A rigorous search is being conducted, with an update to be provided in due course”. CityAM says he is the shortest serving CFO in the group’s history.
Mucic is leaving to assume the post of CEO of Vonovia, a property company that is in the DAX 40. Its outgoing CEO, Rolf Buch, reportedly told a conference call today that in his view property prices in Germany are now on a lasting upward trajectory after years of crisis.
Mucic took over the role as CFO from Margherita Della Valle in n September 2023. She is now the group’s CEO and said, “I would like to thank Luka for his commitment to Vodafone during this first stage of our transformation. During his time with us he has played a key part in resetting our capital allocation priorities and enhancing our focus on operational excellence. I wish him the very best for the next phase of his career as a CEO back in his homeland.”
Mucic commented, “Over the last two years, Vodafone has undergone a wide-reaching transformation programme to reshape our portfolio, simplify our organisation, and refocus on our customers and operational excellence. I’d like to express my sincere gratitude to the whole Vodafone team.
“Whilst I look forward to the next step in my career back in my native Germany, it has been rewarding to help shape the transformation and I have the utmost confidence of Vodafone’s future success.”
During September 2023, Vodafone’s share price peaked at 81.03. Today it is 71.28.
