May 6, 2022

Vodafone strengthens board with industry heavyweights

Vodafone, the UK telecoms group under pressure from an activist investor, has strengthened its board with two appointments including the former chief executive of Arm. Simon Segars, who stepped down as head of the UK-based chip business three months ago and Delphine Cunci, an industry heavyweight in France, will join Vodafone's board as non-executives after the annual meeting on July 26. The investor has an undisclosed stake in Vodafone and is keen for a major overhaul, including shedding poor performing businesses and consolidating in key markets as well as beefing up the board. In February, Vodafone rejected an €11bn bid for its Italian business from French rival Iliad, owned by Xavier Niel. Vodafone chair Jean-François van Boxmeer said Segars and Cunci were "Well respected leaders who bring extensive experience and track records of value creation across the telecoms, technology and media sectors".

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