- Vodafone Group Plc VOD shares are trading higher on Thursday since it named a new CEO.
- Vodafone disclosed Margherita Della Valle as the company's CEO following a rigorous internal and external search.
- Valle will also continue as the CFO until an external search for a new finance chief is complete.
- Vodafone's shares consistently lost value for years, and it struggled to streamline the business and sell assets.
- The stock slid to two-decade lows after ousting previous CEO Nick Read in December.
- This week Vodafone's biggest shareholder, Emirates Telecommunications Group Co, discussed revamping its board with the British telecom group.
- Price Action: VOD shares traded higher by 2.27% at $11.94 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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