Feeds

Sarin quits Vodafone

Surprise departure

The Power of One Infographic

Arun Sarin is leaving Vodafone. The chief executive departs as the mobile group's profits pass £10bn for the year.

Vodafone made revenues of £35.5bn, up 4.2 per cent, and adjusting operating profit of £10.1bn in the year ended 31 March 2008. Earnings per share were up 11 per cent to 12.5p.

Sarin will be replaced by his deputy Vittorio Colao. The handover will take place after the mobile firm's Annual General Meeting 29 July 2008.

The company now has 260m mobile customers, up 26 per cent, including 44m in India - Vodafone completed the acquisition of Essar in May 2007.

Sarin has been at the helm of Vodafone since July 2003 when he replaced Chris Gent, and his departure is a surprise; although in 2006 four major Vodafone shareholders opposed his re-election as CEO Sarin survived the hostile meeting and stayed on. He has overseen the expansion of Vodafone into India, Turkey and Eastern Europe.

Vodafone chairman Sir John Bond said Sarin had led the company with distinction, developed a new strategy and successfully expanded its business in emerging markets. ®

The Essential Guide to IT Transformation

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.