This is an important milestone for Vodafone and I am very pleased that we have achieved our target ahead of time, said chief executive Arun Sarin.
The irony of Sarin’s statement will presumably not be lost on Vodafone’s former chief marketing officer and executive director, Peter Bamford, who was told to leave the mobile giant last week as part of Sarin’s campaign to clear out the last remaining old guard associated with former CEO Sir Christopher Gent.
At the weekend Gent resigned his position as president for life and issued a thinly veiled attack on Sarin and his management. When I was an executive, relationships within the company and at board level were characterized by openness and trust, said Gent. We were mercifully free of company politics and blame culture.
Meanwhile, the two surviving members of Vodafone’s old guard, Vodafone chairman Lord MacLaurin of Knebworth, and Vodafone deputy chief executive Sir Julian Horne-Smith, are due to leave the company in July.