Vodafone CEO Vittorio Colao to step down after a decade
Vodafone Group on Monday announced that CEO Vittorio Colao will step down in October after working at the company for a decade. Colao will be succeeded by the telecom firm's current CFO Nick Read. This comes less than a week after Vodafone announced a $22-billion deal to buy Liberty Global's cable TV and broadband networks in Germany and Eastern Europe.