Vodafone CEO Nick Read to Step Down After Four-Year Tenure, Telecoms Firm Says

Vodafone CEO Nick Read is set to step down after 20 years at the British telecoms firm, and four years as the company’s CEO. Read’s tenure was marked by a steep fall in the company’s share price, nearly 20 percent this year. The firm recently announced flat earnings for its first half, and is in talks to merge its rival Three UK, owned by Hong Kong-based CK Hutchison.

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