The combined business will invest 11 billion in the UK 3 over ten years to create one of Europe's most advanced standalone 5G networks, in full support of UK Government targets. These skills, together with her strong leadership background, are valuable to the Board and her membership of the Audit Committee. Private Company. GIBS Business School (Gordon Institute of Business Science). The board of Vodafone Group Plc has chosen 29-year company veteran Margherita Della Valle to be its next chief executive officer, defying speculation that the challenged . There is no sponsor involved, no external support, no head-hunters. Margherita Della Valle, chief executive and chief financial officer of Vodafone, admitted in May that its "performance has not been good enough" and set out plans to cut 11,000 jobs. Our CFO Margherita Della Valle discusses the barriers that are currently preventing women in finance from reaching their potential, shares insight into the NXT GEN Women in Finance initiative. Specialist in problem solving and decision making. But the points raised can be served for self-reflection purposes. This button displays the currently selected search type. Open. Margherita Della Valle, CFO and interim CEO at Vodafone Group, called for European operators to pool their energy resources across every market to support larger renewable projects by acting as anchor tenants with energy providers. [5], In April 2023, Della Valle was appointed as the CEO of Vodafone, becoming the first female CEO of the company. These rules unintentionally create barriers for western SME vendors, undermining fair competition and thus support for democratic principles driven vendors. I believe having the former finance chief in the top spot is great news for. Prior to her current role, Margherita was Deputy Chief Financial Officer of Vodafone, between . 05/12/2022 17:20 Chi Margherita Della Valle, la nuova ceo ad interim di Vodafone Di Forbes.it Staff Margherita Della Valle diventer ceo ad interim di Vodafone (foto Imagoeconomica) Il 1 gennaio un'italiana sar alla guida di Vodafone. The company, which spans Europe and Africa, said it had conducted a . Our flagship mobile industry and technology event, returns to Barcelona for 2023. Margheritas previous roles within Vodafone were Deputy Chief Financial Officer from 2015 to 2018, Group Financial Controller, Chief Financial Officer for Vodafones European region and Chief Financial Officer for Vodafone Italy. | Today, Margherita Della Valle said her focus will be to improve service for Vodafone . Copyright Reckitt Benckiser Group PLC 2023. LONDON Vodafone appointed interim chief executive officer Margherita Della Valle to the role on Thursday, saying she impressed the company's board with her "pace and decisiveness to begin the necessary transformation" of the mobile operator. Not the Margherita Della Valle you were looking for? Vodafone Group announced the appointment of Margherita Della Valle as Chief Executive Officer. Innovation catalyst. Margherita has extensive experience of financial markets and digital technologies. Sky News has learnt that the FTSE-100 group's board is leaning towards naming Margherita Della Valle, who was its finance chief between 2018 and the end of last year, as its permanent CEO. Chief Executive Officer at Vodafone Group - View - Vodafone Group org chart. Della Valle: I do not think trust is an issue, but we certainly need more women investors. The reaction has been brutal, with the company's shares sliding to 20-year lows. Get set for the working day we'll point you to all the business news and analysis you need every morning. By having a best-in-class 5G network in place sooner, the merger will deliver up to 5 billion per year in economic benefit by 2030 4, create jobs and support . Margherita was appointed Chief Executive Officer on 1 January 2023. His exit. Appointed as a Non-Executive Director in July 2020. In today's industry news roundup: Vodafone's interim CEO, Margherita Della Valle, becomes the permanent CEO; Iliad reportedly still has aspirations to buy some of Vodafone's European operations; Singtel is revamping to address new business challenges; and much more! [4] Percy: How can we help more women in finance to succeed? Margheritas previous roles within Vodafone were Deputy Chief Financial Officer from 2015 to 2018, Group Financial Controller, Chief Financial Officer for Vodafones European region and Chief Financial Officer for Vodafone Italy. The Connection, Newbury, Berkshire RG14 2FN. We let influencers with controversial stories channel our thinking instead of discern facts from multiple sources objectively. Yesterday 7th June after a conversation with Rachel in the directors office who was meant to address my complaint just told me to ring 191, it appears it was too much effort for her to help After a veryfrustrating conversation when she blamed the computer system I made an immediate payment of 84 to clear the device plan balance [1] [2] [3] Biography Della Valle holds a master's degree in economics from Bocconi University. Margherita Della Valle 2mo I am honoured to have been appointed as Group Chief Executive of Vodafone. My focus will be to improve the service for our customers, simplify our business and grow. Margherita was appointed Chief Executive Officer on 1 January 2023. Margherita Della Valle has been interim CEO of Vodafone Group since Nick Read stepped down in December 2022. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Chaired by Margherita Della Valle, the executive committee is responsible for the implementation and delivery of Vodafone's strategy as agreed by the Board, and for all aspects of operational management. Percy: Why did you decide to launch NXT GEN Women in Finance with other CFOs? Read was ousted after failing to reverse a 40%-plus fall in the telecoms companys share price during his tenure. Also, focus on unconscious bias, and ensure that a diverse panel features in discussions around careers and promotions so that you look for a balance of leadership attributes. Original reporting and incisive analysis, direct from the Guardian every morning, 2023 Guardian News & Media Limited or its affiliated companies. We want to give the women being mentored as much visibility as we can because we want to see younger women at the very beginning of their careers understanding what's possible. According to The Female FTSE Board Report 2021, produced by Cranfield School of Management, there are just 15 female CFOs or finance directors in the FTSE 100 companies. Share to Facebook Share to Twitter Share to Linkedin Vodafone CFO Margherita Della Valle Ed Robinson/OneRedEye Women enter the finance and accountancy profession in almost equal numbers to. Vodafone Group has appointed its CFO Margherita Della Valle, who has been the telco's interim head honcho since the start . Jean-Franois van Boxmeer, Vodafone Group Chairman said: Jean-Franois van Boxmeer, the Vodafone chairman, said the board had been impressed with her pace and decisiveness to begin the necessary transformation of Vodafone in the past few months, and lauded her strong track record at Vodafone in marketing, operational, commercial and financial positions. Telecoms industry sources said on Thursday that an announcement could be made by Vodafone about Nick Read's successor in the coming days. Instead, we challenge each other based on our own emotional opinions and self-importance. Thank you Dionne Mostert Lerato Mahlasela for putting your trust in me. We know we can do better. Della Valle, an Italian who joined Vodafone in 1994 and had been its chief financial officer since 2018, vowed on . In July 2020, Margherita was appointed a non-executive director of Reckitt Benckiser Group plc. Margherita's previous roles within Vodafone were Deputy Chief Financial Officer from 2015 to 2018, Group . Margherita Della Valle was appointed Group Chief Financial Officer and a member of the Vodafone Group Plc Board on 27 July 2018. Vodafone Group Plc ("Vodafone") announces today that Margherita Della Valle has been appointed Group Chief Executive. 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Della Valle took job on temporary basis in December and is tasked with steering telecoms group through its turnaround. So, I created a network with some of the very few women who were already CFOs across the major European indexes the FTSE 100 in the UK, the CAC 40 in France and DAX in Germany. Vodafone Group Plc has appointed Italian Margherita Della Valle as its chief executive officer, ending five months of uncertainty since the challenged British telecommunications giant ousted . ", South Africa women's national football team, https://en.wikipedia.org/w/index.php?title=Margherita_Della_Valle&oldid=1156741010, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 24 May 2023, at 11:00. She also runs Vodafone Shared Services, which was established in 2011 to optimise quality and efficiency across Vodafone's customer, technology, finance and HR operations. I will action the PAC when I return to the UK in about 4 weeks I do not appreciate VF arroganceto charge me 20 to close the accounts, Assistant Manager at Vodafone Intelligent Solutions (_VOIS), Experienced VIP IT Specialist | Aspiring Cyber Security Professional | Looking to Leverage Experience in Cybersecurity, Faculty Lecturer at University of Education, Head of Small & Mid Market Business, Partnering with companies in enabling Digital transformation, It was thrilling for me today to be part of the Vodafone hospitality in Wimbledon. Suggest you keep paying manually each month All remuneration arrangements are consistent with the terms of the Directors' Remuneration Policy approved by shareholders at the AGM in July 2020. Congratulations Bonita Lee-Shew, this is a massive achievement! #wimbledon2023 #vodafonebusiness. In July 2020, Margherita was appointed a non-executive director of Reckitt Benckiser Group plc. The lack of women at the most senior levels of the profession is an issue that Margherita Della Valle, CFO at Vodafone Group, is determined to address. M-Pesa is the regions largest fintech platform, providing access to financial services to more than 58 million people in a secure, affordable and convenient way. Della Valle, who was finance chief for the. We focus on winning instead of seeking mutual progress. Earlier in her career, she joined Omnitel Pronto Italia, which became Vodafone Italy in 1994, and held various consumer marketing positions in data analytics and consumer base management. For example, a couple of years ago I witnessed a training session on how women should behave in interviews if they want to be successful. Make sure youre working with graduates upwards. The worlds of banking and investment are still mostly male-dominated. No credit card required. After four months on the job, Vodafone has appointed interim CEO Margherita Della Valle as the permanent CEO. Della Valle: The case has been made many times for diversity. She is also on the board of Reckitt Benckiser Group Plc, The Vodafone Foundation and VodafoneZiggo Group BV. I think diversity is important in every environment. It is imperative to address this issue and create an equitable business landscape that not only fosters growth at Vodafone KPI levels, but also upholds the entire spectrum of ESG practices. Save. Prior to her current role, Margherita was Deputy Chief Financial Officer of Vodafone, between 2015 and 2018, having held a number of senior positions in finance beforehand, including Group Financial Controller and Chief Financial Officer of Vodafones Europe region. Margherita was appointed Chief Executive Officer on 1 January 2023. Faced with soaring energy costs, the firm raised its prices for UK customers by 14.4% at the start of this month based on the increase in the consumer prices index measure of inflation, plus 3.9% about 3 on an average bill, and increased prices in several other European countries. A fundamental obstacle is what people call subconscious bias. Margherita Della Valle is an Italian businesswoman who has been the chief executive officer (CEO) of Vodafone since January 2023. "I think collaboration within the telco . [4] Previously, Della Valle has held the position of Chief Financial Officer since July 2018 and temporarily assumed the role of CEO in January, succeeding Nick Read.[4][6]. Margherita Della Valle joined Reckitt Benckiser in 1994. As of 31 December 2022, we had over 330 million mobile customers, more than 28 million fixed broadband customers, and 21 million TV customers. . So, yes, Della Valle's prescription for a simpler management structure, a smaller head office and more local accountability sounds correct. No change to her current position. From 2004 to 2007, she was Chief Financial Officer of Vodafone Italy. #MWC23 Copyright 2023 GSM Association. She joined Omnitel Pronto Italia which later became Vodafone Italy in 1994 and held key senior positions in consumer, marketing, business analytics and customer base management before moving to finance. Women enter the finance and accountancy profession in almost equal numbers to men. [5], Between 2015 and 2018, Della Valle served as Vodafone's Deputy Chief Financial Officer. Read more about the other members of our leadership team here. We are also committed to developing a diverse and inclusive workforce that reflects the customers and societies we serve. Shes so determined, in fact, that shes launched an initiative called NXT GEN Women in Finance, with other European CFOs. We don't challenge our own thinking and metal paradigms emphatically as we should. Margherita Della Valle, Vodafone Group's recently appointed CEO (and still CFO), today demonstrated that she's tough and prepared to swing the axe when necessary by announcing that the telco's full-year financial results are "not good enough" and that 11,000 jobs, more than 10% of the total workforce, will be cut over the next three years. [1][2][3], Della Valle holds a master's degree in economics from Bocconi University. 28 FEB 2023. UNICEF Calls For More Support To Aid Sudans Children, Reaching Zero-Dose Children With Lifesaving Vaccines In Angola, How To Create An Effective Lead Nurturing Strategy, Adapt Or Die: How To Connect With Gen Z Consumers And Employees, Corporate Communicators: Take AI Away From IT, 9 Ways To Develop And Grow Your Business During A Bear Market, If Design Isn't At The Heart Of Your Business Strategy, It Should Be.
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