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Vodafone gives corporate merry go-round a spinNon-exec board member: nice work if you can get itPublished Tuesday 23rd May 2006 15:27 GMT Vodafone is to fiddle with its top brass this summer. Paul Hazen, the firm's deputy chairman and top non-executive member of the board will retire to be replaced by a promoted John Buchanan. Hazen has been on the operator's board since 1999. Buchanan, meanwhile, retired as CFO from oil giant BP in 2002. He also serves as a non-exec for drug companies Smith and Nephew and biotech AstraZeneca. Also departing is another non-exec director, Penny Hughes. Vodafone chairman Lord MacLaurin of Knebworth gushed: "Penny Hughes has been a fine, active non-executive director and did an exceptional job for Vodafone when chairing our Remuneration Committee." MacLaurin was paid £517,000 last year and will get £125,000 as a consultant when he too steps down, to be succeeded by Sir John Bond. The changes will all come into effect after the AGM on 25 July. ®
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