- Luka Mucic, appointed as Vodafone’s CFO in September 2023, will leave the company by early 2026 to become CEO of Vonovia SE, Germany’s largest residential property firm.
- During his tenure, Mucic played a pivotal role in Vodafone’s strategic initiatives, such as the €12 billion divestment of its Spanish and Italian operations and the £18 billion merger with Three UK.
What happened: Vodafone CFO Luka Mucic to depart for CEO position at Vonovia SE
Vodafone announced that its Chief Financial Officer, Luka Mucic, will step down by early 2026 to take on the role of CEO at Vonovia SE, Germany’s largest residential property company. Mucic joined Vodafone in September 2023, bringing extensive experience from his previous role as CFO at SAP. His departure comes amid significant strategic shifts within Vodafone, including the sale of its Spanish and Italian businesses for €12 billion and the planned £18 billion merger with Three UK. Vodafone has initiated a rigorous search for Mucic’s replacement, aiming to ensure a smooth transition and maintain strategic momentum.
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Why it’s important
Mucic’s exit represents a notable change in Vodafone’s leadership during a period of substantial transformation. His contributions to Vodafone’s strategic realignment have been significant, and his departure introduces uncertainty as the company navigates the final stages of its merger with Three UK. The search for a new CFO is critical to sustaining investor confidence and ensuring the continuity of Vodafone’s strategic initiatives. Analysts suggest that attracting top-tier talent promptly will be essential to maintain the company’s trajectory and address ongoing challenges, particularly in key markets like Germany.
