has created a new group level structure to help deliver the operator’s
take effect from 1 October and sees the organisation creating two ‘operating
regions’ rather than three.
reorganization, Vodafone had three operating regions within its structure:
Europe, Central Europe, Africa and the Middle East.
structure will see Central Europe being absorbed by Europe,
with Michel Combes continuing to lead as regional CEO. His remit will now cover
all existing business in Europe with the addition of the Czech
Romania and Turkey.
division will be made up of business from Africa, the Middle
East and Asia Pacific. Regional CEO for the region will be Nick Read, former Vodafone UK
previously responsible for the Asia Pacific and Middle East region and has had Africa added to his responsibilities.
operator is also restructuring its commercial divisions to bring them within
the new division ‘group commercial’, which will be headed up by chief
commercial officer Morten Lundal, who will report to Group CEO Vittorio Colao.
group commercial division will include group marketing, Vodafone business
services and Vodafone global enterprise and partner markets, which were previously
stand alone divisions.
technology functions in Vodafone companies will report to group technology,
with Group CTO Steve Pusey reporting to the Group CEO.
the Group CEO Vittorio Colao and CFO Andy Halford will work alongside the strategy and
business development director to take responsibility for maximizing Vodafone
investments, such as Verizon Wireless and Bharti Holding, that no longer
fall within regional structures.
statement, Vodafone said: ‘The new organisation is designed to focus on
Vodafone’s key commercial and financial priorities: customer and commercial
strength, leadership in data, brand advocacy, cost efficiency and shareholder
returns and simplify the Group’s organisation by reducing layers and
simplifying managerial governance.’