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Investing.com -- Vodafone (LON:VOD)’s finance chief, Luka Mucic, is set to step down from his role after less than three years, according to an announcement on Wednesday.
The mobile group’s shares fell 1.8% in morning trading following the news.
Mucic, 53, has accepted an offer to become the CEO of Vonovia SE (ETR:VNAn), Germany’s largest landlord.
In a statement, Mucic expressed his anticipation for his career’s next step in his native Germany.
"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," he said.
Mucic’s departure will take place no later than early 2026, as stated by the company.
Vodafone also mentioned that a rigorous search for his successor is currently underway, with an update expected in the future.