Vodafone’s new CEO faces tough call to reconnect with investors


FILE PHOTO: A branded sign is displayed on a Vodafone store in London, Britain May 16, 2017. REUTERS/Neil Hall/File Photo

WHEN Vodafone named Margherita Della Valle as chief executive officer (CEO) last month, investors adopted a wait-and-see approach to whether the company veteran was the right person to jolt it out of a deep malaise.

Within weeks, Della Valle gave them a stark assessment of the problems Vodafone faces. The reaction has been brutal, with the company’s shares sliding to 20-year lows.

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