Vodafone Group PLC CFO Nick Read will assume the role of CEO, effective Oct. 1, replacing Vittorio Colao.
Read will be made Vodafone chief executive-designate as of its July 27 annual general meeting.
Margherita Della Valle, who has been deputy CFO since 2015, will assume the role of CFO and become a member of the board.
Colao has been Vodafone's CEO since July 2008, while Read has been CFO since April 2014.
The developments follow Michel Demaré being appointed as a nonexecutive director of the company, effective Feb. 1, while Mathias Döpfner will stand down as a nonexecutive director, effective July 27.
