Latest news with #Mucic
Time of India
12 hours ago
- Business
- Time of India
Vodafone appoints Microsoft's Pilar Lopez as new CFO
NEW DELHI: UK mobile broadband and internet provider Vodafone has appointed Microsoft 's Pilar Lopez as chief financial officer (CFO)-designate, effective October 1, 2025. Lopez's formal tenure as the new finance chief starts December 1, 2025, the telecom group said in a statement on Thursday. Lopez succeeds Luka Mucic, who has decided to leave the company after a two-year tenure. During Mucic's tenure, the telecom company successfully closed the sale of its businesses in Spain and Italy, and won regulatory approval for the merger with 3UK to establish itself as the leading mobile operator in the UK. 'We drove our operational excellence agenda around customers, simplicity and growth with passion, materially stepping up investment in improved experiences for our customers and in our B2B capabilities, we commercialised our shared operations and much more - and it is starting to show in our results,' Mucic said in a statement on LinkedIn, adding that the company's finance organisation has contributed to the transformation journey. 'I am delighted that Pilar will be joining Vodafone in October. She has deep-rooted knowledge of both the telecoms and technology sectors, across a range of international leadership positions,' said Vodafone CEO Margherita Della Valle. 'I'm thrilled to be joining Vodafone at such an important time in the Group's transformation. I am excited to work with Margherita and the team as Vodafone continues to improve the service to its customers, further simplify operations across the Group, and deliver sustainable growth in free cash flow,' Lopez said. Lopez has served in several senior roles at Microsoft, including chief operating officer (COO) for Western Europe, and more recently, leading the US tech giant's partnership with the London Stock Exchange Group (LSEG). She also spent 16 years with Spanish telecoms group Telefonica in various finance and senior leadership roles before joining Microsoft.
Mint
12 hours ago
- Business
- Mint
Vodafone Appoints Microsoft Executive Pilar López as CFO
(Bloomberg) -- Vodafone Group Plc has appointed Pilar López as its new chief financial officer following the departure of Luka Mucic, who announced he was leaving last month. López will join in October as CFO designate before taking over the official role after Mucic leaves on Nov. 30., the company said in a statement on Thursday. López joins from Microsoft Corp., where she held a range of senior positions including chief operating officer for Western Europe and country lead for Spain. She also spent 16 years at Telefonica SA and had served on the supervisory board of the company's German unit. The appointment comes at a critical time for Vodafone. Chief Executive Officer Margherita Della Valle is refocusing the business on its main markets after selling off underperforming assets and announcing a deal to merge with CK Hutchison Holdings Ltd.'s Three in the UK. Della Valle's promised turnaround has yet to materialize, and the share price has fallen about 22% since she was appointed in 2023. López will work with Della Valle to improve Vodafone's service, further simplify operations and deliver sustainable growth in free cash flow, she said in the statement. López's German experience could be particularly valuable. The market, which represents about a third of Vodafone's revenues, has struggled with significant customer losses after a law change barred landlords from bundling rent with TV and broadband. Mucic, who was named Vodafone's CFO in 2023, is leaving to run Germany's largest landlord, Vonovia SE. He held the same role for nearly a decade at German software group SAP SE, where he started his professional career. López will receive a base salary of £725,000 ($971,680). Her bonus will be as much as 200% of her base pay and she'll get a long-term incentive of up to 450%. Mucic received a base salary of £760,000. Vodafone shares were little changed at 75.28 pence at 8:07 a.m. in London trading on Thursday. The stock has gained 10% this year. (Updates with additional context throughout. An earlier version corrected the spelling of López's name in the photo caption) More stories like this are available on
Time of India
12 hours ago
- Business
- Time of India
Vodafone picks Microsoft's Pilar Lopez as next CFO after Mucic exit
Vodafone Group Plc has appointed Pilar Lopez as its new chief financial officer. She will formally take charge in December after the planned departure of current CFO Luka Mucic , who announced his exit last month. Lopez will join Vodafone in October as CFO designate and will take over fully once Mucic departs on November 30, according to a company statement on Thursday. Lopez is currently with Microsoft Corp., where she has held a range of senior positions, including chief operating officer for Western Europe and country lead for Spain. Vodafone said in the statement that she had also spent 16 years with Spanish telecoms group Telefónica, working in various finance and senior leadership roles before moving to Microsoft. "She has deep-rooted knowledge of both the telecoms and technology sectors, across a range of international leadership positions," Vodafone CEO Margherita Della Valle said. Mucic is leaving Vodafone to head Vonovia SE, which is Germany's largest landlord. Live Events He was appointed as Vodafone CFO in 2023. Before that, he held the same position for nearly a decade at the German software group SAP SE, where he began his professional career. Vodafone Chief Executive Officer Margherita Della Valle had picked Mucic as she began a significant turnaround effort at the company. Since joining Vodafone, Mucic oversaw the sale of underperforming assets in Spain and Italy. He also helped secure regulatory approval for Vodafone's planned merger with CK Hutchison Holdings Ltd.'s Three unit in the UK. When the company lost a large number of customers in its biggest market following a legal change in Germany, Mucic said he personally went door to door in an effort to win subscribers back.
Yahoo
10-05-2025
- Business
- Yahoo
CFOs On the Move: Week ending May 9
This story was originally published on To receive daily news and insights, subscribe to our free daily newsletter. After 39 years at ConocoPhillips, CFO is retiring from the Texas-based oil and gas producer. Bullock started his career with Conoco in 1986 and held several leadership roles before becoming finance chief in 2020. Bullock will be succeeded by Andy O'Brien, who joined the company in 1997 as a financial analyst. O'Brien, who is currently senior vice president for strategy, commercial, sustainability and technology, will take over as CFO on June 1. He will retain responsibility for strategy, commercial and sustainability. Consumer health company Kenvue, known for brands such as Listerine, Tylenol and Neutrogena, appointed as its new finance chief, effective May 12. Banati joins the company from Kellanova (previously Kellogg Company), where he was most recently CFO and vice chairman. He earlier held finance and operating leadership roles at Kraft Foods (now Mondelez International), Cadbury Schweppes and Procter & Gamble. Banati succeeds Paul Ruh, who will stay with the company for a brief period during the transition. was named finance chief of toy maker Mattel, effective May 19. Ruh is currently finance chief of Kenvue, where he led the separation from Johnson & Johnson, from the planning stages through its IPO. Before that, Ruh was the chief financial officer of Johnson & Johnson Consumer Health. He previously spent 13 years at PepsiCo in several finance leadership roles, most recently as CFO of its Latin America business. Ruh succeeds Anthony DiSilvestro, who announced his retirement in January and will serve as an adviser to the company through August 15. To replace outgoing finance chief Amit Banati, Kellanova named John Renwick as acting chief financial officer and senior vice president, effective May 9. John joined the company in 2000 as its vice president of investor relations and competitive analysis and has been vice president of investor relations and corporate planning for Kellanova, previously Kellogg Company, since May 2016. Before coming to Kellogg, he was a sell-side analyst for Morgan Stanley, where he covered food and tobacco stocks, and before that, he worked in commercial banking for Chemical Bank. , CFO of European and African telecoms company Vodafone, is stepping down to become chief executive officer of Germany-based Vonovia SE, Europe's largest residential real estate and housing association company. Mucic, who has been Vodafone's chief financial officer since Sept. 2023, will leave the company no later than early 2026. Mucic previously held several financial leadership roles over his 27 year career at SAP, where he was most recently the software company's finance chief for over eight years. Vodafone said a "rigorous" search for Mucic's successor is ongoing. Teradata, a cloud analytics and data platform for AI, hired as its new finance chief of Teradata, effective May 12. Since 2021, Ederer has been CFO of Model N, a cloud revenue management solutions provider. He was previously chief financial officer of K2 Software, and, earlier in his career, he held financial leadership roles at TIBCO Software, SAP, Business Objects and Ariba. He started his career in investment banking as an equity research analyst. Ederer succeeds Claire Bramley, who stepped down at the end of March to become finance chief of accounting software provider Xero. will take over the top finance spot at Valvoline on May 19. Willis joins the company from the specialty ingredients company Ashland, where he was CFO. He joined Ashland in 1987 as an associate auditor in the internal audit department and has been CFO and senior vice president since 2013. Willis succeeds Mary Meixelsperger, who announced her planned retirement in October 2024. Meixelsperger will stay with the company through a transition period. Ashland named as its interim finance chief to replace outgoing CFO Kevin Willis. Whitaker joined the company in 2015 and has been vice president of finance and director of investor relations since January 2024. Commercial real estate and investment management company JLL appointed as chief executive officer of its leasing advisory business. Brennan has been the chief financial officer of JLL for the past five years and she earlier spent 21 years at JLL's real estate investment management subsidiary, most recently as CEO of LaSalle Europe. Kelly Howe, who is chief financial officer for JLL's leasing advisory business, will succeed Brennan as CFO. Howe joined the company in January 2024 and has more than 23 years of experience in professional services at Boston Consulting Group, most recently as North America CFO. Ralliant named as CFO, effective June 2. Reynolds joins Ralliant, the planned spin-off of Fortive's precision technologies segment, from semiconductor manufacturer Wolfspeed, where he has been finance chief since 2018. Before that, he held finance leadership roles at Freescale Semiconductor, where he led its operational integration efforts after its $40 billion merger with NXP Semiconductors. Earlier in his career, he was at General Electric in progressively senior financial roles for over 15 years. was appointed finance chief of legal support services firm First Legal. Before joining First Legal, Lawlor spent over four years at Centaur Group, where she was chief financial officer. She earlier held roles in investment banking and corporate finance, including as associate director of corporate finance and M&A at Key Capital. She started her career at PwC, most recently as a manager of corporate finance. will rejoin Aqua Metals on May 19 as its new chief financial officer. West previously spent six years at Aqua Metals, serving as the company's vice president of finance and, before that, controller. Most recently, he was vice president of finance and accounting at sustainable lighting manufacturer LUX Dynamics. West succeeds Judd Merrill, who is leaving to take a new CFO role at a publicly listed company. Merrill will step down on May 16 but remain with the company as a consultant through Aug. 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Vodafone CFO departs for Vonovia CEO role
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Vodafone Group CFO Luka Mucic will depart from his role at the telecommunications company 'no later than early 2026' in order to take on the CEO role at German property manager Vonovia, according to recent announcements by both firms. Vodafone has begun a 'rigorous search' for Mucic's successor, according to a Wednesday press release. Mucic has served as the Berkshire, England-based telecom provider's CFO since 2023, a two-year period during which the company has 'undergone a wide-reaching transformation programme to reshape our portfolio, simplify our organisation, and refocus on our customers and operational excellence,' Mucic said in a statement included in the Wednesday release. For Vonovia's part, the German real estate company's supervisory board unanimously voted to approve Mucic as its next CEO, a move that comes as the Bochum, Germany-based company targets a renewed path to growth after facing ongoing headwinds in the European housing sector. Mucic will replace Vonovia's current CEO, Rolf Buch, 'at the latest around the turn of the year 2025/2026,' the company said. Prior to taking the CFO seat at Vodafone in September 2023, Mucic served in a number of executive roles during a 27-year career at software company SAP, including as a member of its executive board and CFO, as well as head of global finance, according to his LinkedIn profile. The SAP alum joined Vodafone two years ago as part of a number of executive leadership changes ahead of a turnaround plan aimed at bolstering flagging performance. Vodafone appointed 31-year company veteran Margherita Della Valle to the role of CEO in January 2023, with Valle having previously served a five-year tenure as its group CFO, according to her LinkedIn profile. Mucic 'played a key part in resetting our capital allocation priorities and enhancing our focus on operational excellence,' Vodafone CEO Margherita Della Valle said in a statement included in the release. 'I wish him the very best for the next phase of his career as a CEO back in his homeland." Spearheaded by the reconstituted leadership team, the turnaround plan aimed to 'simplify' the organization through steps including cutting 11,000 jobs and refocusing its resources on its Vodafone Business segment serving corporate clients across European markets, according to a May 2023 report by CNN. As part of the plan, the telecom also completed the sale of its Vodafone Italy unit to Swisscom for €8 billion in January, with Vodafone aiming to use the transaction's proceeds to reduce its net debt as well as to target up to €2.0 billion in returns to its shareholders, the company said in an announcement. For the company's Q3 of 2025, Vodafone reported total group revenues rose by 5.0% to reach €9.8 billion, according to a February trading update. Group adjusted EBITDAaL — earnings before interest, taxes, depreciation, amortization, and after lease expenses — also rose by 2.2% to reach €2.8 billion, the company said, results which followed after the sale of businesses in Italy and Spain, as well as approval by the UK Competition and Markets Authority (CMA) for a merger with 3G network provider, Three. In returning to his native Germany as Vonovia's CEO, Mucic will tread familiar waters, with the real estate firm also looking to improve its growth after a downturn in the European housing market last year. 'I'd like to express my sincere gratitude to the whole Vodafone team. Whilst I look forward to the next step in my career back in my native Germany, it has been rewarding to help shape the transformation and I have the utmost confidence of Vodafone's future success," Mucic said in the statement in the release. As part of its own turnaround plan, Vonovia is aiming to realize adjusted EBITDA of between €3.2 billion to €3.5 billion in 2028 — which would represent a 30% increase from its full-year 2024 results, the real estate firm said in March. As part of its growth strategy, the company is also aiming to resume new construction and invest in 'innovative technologies,' according to the March release. For the third consecutive year, Vonovia for its full-year 2024 posted a net loss of €962 million, according to its annual report, following a net loss of approximately €6.8 billion in 2023 and a €669 million net loss in 2022. Vodafone declined to comment beyond its press release. Vonovia did not immediately respond to requests for comment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
