Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Uproar After NC State Agent 'Fixes' Girl's Lunch Preschooler has to eat chicken nuggets instead of mom's meal »

New Vodafone CEO Has Tough Calls Ahead

Verizon partnership, growth will be at the top of Colao's to-do list

By Jim O'Neill,  Newser User

Posted May 28, 2008 9:20 AM CDT

(Newser) – A slowing global economy and continued investor unease over Vodafone’s 45% stake in Verizon Wireless will likely provide a turbulent welcome for new CEO Vittorio Colao when he takes the reins of the wireless provider in July, the Wall Street Journal reports. Colao will succeed Arun Sarin, who's set to leave in July—earlier than previously expected.

While some changes are expected, Colao, whom Sarin has groomed for the CEO role, is expected to continue pushing Vodafone’s growth in Africa, Asia, and the Middle East while working to grow add-on products—like data—in Europe’s mature marketplace. What might change is its joint venture with Verizon—the two have discussed a Verizon Wireless buyout for months.

Vodaphone Group on Tuesday said chief executive Arun Sarin would step down at the end of July.
Vodaphone Group on Tuesday said chief executive Arun Sarin would step down at the end of July.   (AP Photo/Virginia Mayo)
Vodafone on Tuesday named Vittorio Colao as its new CEO.
Vodafone on Tuesday named Vittorio Colao as its new CEO.   (AP Photo)
Chief Executive of Vodafone, Arun Sarin, is stepping down in July.
Chief Executive of Vodafone, Arun Sarin, is stepping down in July.   (AP Photo/Manu Fernandez)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

More Newser Stories

Justice Dept. to Launch Antitrust Review of Telecoms

Congress Looks Into FBI's Telecom Spying

Liberty Looks to Leverage DirecTV Deal

T-Mobile Launching Net Phone Price War

Verizon Sues Alltel Over Guinea Pig Ad


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne