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Vodafone gives corporate merry go-round a spin

Non-exec board member: nice work if you can get it

Internet Security Threat Report 2014

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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