Vodafone's Chief Finance Officer Steps Down, Setting Record for Briefest Tenure Among FTSE 100 Heavyweight's Leaders.
Hey there! Check out this juicy tidbit: The CFO of big-time telecom player, Vodafone, is bouncing from its ranks. It's Luka Mucic, who joined Vodafone's club just a smidgen over 18 months ago, and he's got plans to dip out by the spring of '26. If he sticks to this fleet-footed plan, Mucic will be known as Vodafone’s least tenured CFO in the books.[1]
Mucic, who earned a tidy £760,000 salary, has decided to swap Vodafone for the CEO role at Vonovia, a German real estate company.[3] As a result, Vodafone shares slid around 2% in early trading following the announcement.[2]
Now, let's delve a bit into the history of Vodafone's finance gurus. The London-based telecom company has traditionally thrived under long-staying CFOs. For instance, Ken Hydon held the reigns for a whopping two decades, from '85 to '05, during which Vodafone evolved from a minnow in the telecom world to a mighty whale.[1] Hydon was later succeeded by Andy Halford, who commanded the position for nine straight years.
At present, Vodafone's big boss is Magherita Della Valle. Interestingly, she spent almost a half-decade in the CFO role before stepping up to the CEO gig.[1]
Upon Mucic's departure, Della Valle expresses gratitude for his dedication during the initial stages of Vodafone's overhaul. Mucic played a crucial role in reshaping Vodafone's priority spend and boosting operational excellence.[1]
Mucic started his career at corporate software giant, SAP, in '96.[1] Throughout his tenure, he climbed the ranks within the global finance and administration division, eventually snagging the title of group CFO until he hopped on the Vodafone gravy train in '23.[1]
Now, with Mucic on his way to Vonovia, the future of Vodafone remains to be seen. Keep an eye on 'em, folks![1]
References:[1] The Board of Vodafone Group Plc announces appointment of new Chief Financial Officer. vodafone.com. September 28, 2023.[2] Vodafone: Stocks take a dip as CFO announces departure. Reuters. March 3, 2026.[3] Luka Mucic steps down as Vodafone CFO to become CEO of Vonovia SE. Reuters. March 3, 2026.[4] Vodafone to undergo major shakeup as CFO Luka Mucic steps down. The Telegraph. March 3, 2026.
- The Finance industry experienced a notable event with Luka Mucic, the CFO of telecom giant Vodafone, announcing his departure in the spring of '26, following his appointment just over 18 months prior.
- Mucic, who was earning a salary of £760,000, has chosen to leave Vodafone for the CEO role at German real estate company Vonovia.
- Vodafone's shares saw a decline of around 2% in early trading after Mucic's announcement.
- Historically, Vodafone has had long-staying CFOs, with Ken Hydon having held the position for two decades and Andy Halford commanding it for nine years.
- Mucic's departure has been met with gratitude from Vodafone's current CEO, Magherita Della Valle, who acknowledges Mucic's significant role in reshaping Vodafone's priority spend and boosting operational excellence.
