Vodafone reports better revenue growth, names new CFO

LONDON: Vodafone reported an acceleration in first-quarter top line growth on Monday, driven by strong demand in Britain and improvements in Germany, Italy and Spain, marking a positive start for new chief executive Margherita Della Valle.

The European and African telecoms group also said it had appointed former SAP chief financial officer Luka Mucic to the same role at Vodafone, beginning on Sept. 1.

He will replace Della Valle who took on the top job permanently in April. She said on Monday that service revenue had improved “across almost all of our markets”, as it reported a 3.7% rise for the group.