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Colao answers call at Vodafone
Updated:2008/7/28 10:33
Tags:broadband
Vodafone's incoming Chief Executive Vittorio Colao will need to combine his famed analytical mind with the discipline learnt as a reserve officer in Italy's Carabinieri when he takes up the top job this week. The keen windsurfer will also have to prepare for the roller coaster ride that will invariably come with being the head of the world's largest mobile phone company by revenue. The 46-year-old Italian was warmly welcomed in May as the obvious choice to become chief executive from his role as the head of the European business. But conditions have since changed and Colao will take over as the economic downturn starts to bite, prompting some customers to shun buying or using their mobile phones. Colao has indicated he will follow his predecessor Arun Sarin's strategy of expanding into the faster-growing emerging markets while pushing newer products such as mobile broadband in the near-saturated European territories. But he is likely to face a difficult start following a recent weaker-than-expected trading update which unnerved the entire sector and dented hopes that the British-based firm would remain resilient in a downturn. Colleagues who have worked with Colao describe him as approachable, happy to listen, hands-on and with an analytical mind. "Everyone has the right to be listened to before he decides," said one person close to him who asked not to be named due to his position in the industry. "And then he decides very quickly." All the analysts Reuters spoke to said Colao normally sounded "on top of the job" when speaking at results sessions but noted he had struggled at the most recent conference, after Vodafone warned revenues would be at the bottom of a previously stated forecast range. "He was definitely hesitant," James Barford of Enders Analysis told Reuters. He will need to regain his composure when he takes over this week.
Source:reuters ¡¤Vodafone Loses $2 Billion Indian Tax Case (2008-12-4) ¡¤Turkcell wins ¡®A¡¯ band 3G licence; Vodafone and Avea also licensed (2008-12-2) ¡¤Vodafone Germany interested in Kabel Deutschland (2008-12-2) ¡¤Vodafone Eying €2.8 Billion Take-Over of German Cable TV Operator (2008-12-1) ¡¤Vodafone to Allow Phones to Be Used As Mobile Modems (2008-11-27) ¡¤Vodafone Australia Announced BlackBerry Storm Launch Details (2008-11-26) ¡¤Vodafone eyes Nigeria and plans to keep Verizon Wireless stake (2008-11-24) ¡¤Vodafone Fiji Launches 3G Coverage (2008-11-24) ¡¤Vodafone First Half Profits Drop 35% on Turkish Write-Down (2008-11-12) ¡¤Vodafone Corrects Maltese WiMAX Subscriber Numbers (2008-11-11) ¡¤Vodafone Expected to Announce Job Cuts This Week (2008-11-10) ¡¤Vodafone Announces Details of Vodacom Investment (2008-11-7) ¡¤Vodafone Purchased ZTE Mobile Phones from China (2008-11-6) ¡¤Vodafone Selects Amdocs Operational Support Systems (2008-11-4) ¡¤Vodafone Seeks Delay in India's 3G License Auction (2008-10-28) ¡¤Vodafone wants 3G bid only next year, cites credit crisis (2008-10-27) ¡¤Vodafone to Start Selling HP Smartphones (2008-10-22) ¡¤BT team up with Vodafone for business mobile broadband (2008-10-21) ¡¤RIM: Vodafone rejected first Storm attempt (2008-10-13) ¡¤Vodafone Offers 22.5 Billion Rand for Vodacom Stake (2008-10-10) |
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