Vodafone Group Plc has said its CFO is to step down from the role.
Luka Mucic will leave the role and also step down as executive director of the board “no later than early 2026”.
He will take over as CEO of Vonovia SE, a DAX 40 company.
Vodafone, which in February reported its first results since its £16.5bn merger with Three was green-lit, said it is undertaking a rigorous search for his successor.
“Over the last two years, Vodafone has undergone a wide-reaching transformation programme to reshape our portfolio, simplify our organisation, and refocus on our customers and operational excellence,” said Mucic.
“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.”
Margherita Della Valle, Vodafone Group CEO, added: “I would like to thank Luka for his commitment to Vodafone during this first stage of our transformation.
“During his time with us he has played a key part in resetting our capital allocation priorities and enhancing our focus on operational excellence.
“I wish him the very best for the next phase of his career as a CEO back in his homeland.”