Wishing Mr. Luka Mucic greater responsibilities and exciting challenges in this impressive new chapter!
In an unexpected twist, Vodafone’s Chief Financial Officer Luka Mucic has revealed plans to step down from his role, catching investors and analysts off guard. His decision arrives at a sensitive time for the telecom giant, which is striving to turn the tide in its largest and most challenged market, Germany.
The company disclosed that Mucic will leave no later than early 2026, as he prepares to take on a new journey as CEO of German real estate firm Vonovia SE, a move prompted by leadership changes amid broader turbulence in the real estate sector.
“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,” Mucic shared in a heartfelt statement.
Appointed in September 2023, Mucic brought with him a rich legacy as the former CFO of SAP. His exit now puts Vodafone under pressure to navigate both a leadership vacuum and the ongoing financial headwinds in Germany, where the end of bundled pay-TV contracts in apartment buildings has taken a notable toll.
Earlier this year, Vodafone’s stock took a sharp hit, tumbling more than six percent following another dip in service revenue in Germany. Although some recovery followed, the recent announcement reignited investor caution, with shares slipping another 1.4 percent.
A renowned industry expert noted, “While Mucic’s departure is clearly unexpected and represents a major blow, his motivation to embrace this new opportunity is understandable.”
Vodafone stated it has initiated a “rigorous” search to find a new CFO, acknowledging the challenge of securing high-caliber leadership within the current time constraints. The outcome of this transition holds weight, as Vodafone is scheduled to release its annual results on May 20, a moment that will be closely watched by stakeholders.
As Vodafone presses forward with its strategic revival, the company stands at a pivotal intersection, seeking stability and renewal amid shifting tides in its core market.
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