Vodafone Group Plc has announced Margherita Della Valle, a 29-year veteran of the company, as its next Chief Executive Officer. The appointment comes as a surprise, as many speculated that the struggling company would choose an outsider for the first time, media reports noted.

Vodafone appoints Margherita Della Valle as CEO

Vodafone Chief Executive Vittorio Colao will step down in October after 10 years in which the Italian reshaped the world's second-largest mobile operator into a digital communications powerhouse with a string of major deals

End of an era as Vodafone boss Colao hands over to protege Nick Read

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Vodafone appoints Margherita Della Valle as CEO

End of an era as Vodafone boss Colao hands over to protege Nick Read