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Vodafone's Sarin to step down in July: report

LONDON
Mon May 26, 2008 10:51pm EDT

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Arun Sarin, CEO of Vodafone Group, speaks during a keynote address at the CTIA Wireless 2008 convention in Las Vegas, Nevada April 2, 2008. REUTERS/Steve Marcus

LONDON (Reuters) - Vodafone Group's (VOD.L) chief executive Arun Sarin will announce on Tuesday that he will step down in July and hand over to his deputy, Vittorio Colao, Britain's Daily Telegraph newspaper reported.

The timing of Sarin's departure, after five years in charge of the British-based mobile phone group, will be announced alongside record headline full-year profits of about 13 billion pounds ($25.71 billion) and will surprise analysts and investors, the paper said.

No one at Vodafone was available for comment.

Colao currently runs Vodafone's European operations.

(Writing by Tim Pearce)

($1=.5056 Pound)


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