Personal reflections
I have decided to retire as the Chief Executive of the Company following the AGM on 29 July. It has been a privilege to lead Vodafone over the last five years.
We have made significant progress, changing our strategy from mobile to total communications, including broadband and the internet. We have secured some important assets in markets including Turkey and India, and we have integrated these acquired businesses to build a global company. Our Board and employees are aligned behind the strategic direction of the business and the Company is well positioned to succeed in the future. We have issued a strong set of 2008 annual results in line with, or ahead of, guidance and the Company has built strong momentum in executing its strategy. I have accomplished what I set out to achieve on taking the role as Chief Executive and therefore felt the time was right to hand over responsibilities to a successor. I am delighted that Vittorio Colao will be taking over as Chief Executive. He has the knowledge and vision to drive the business towards future success.
I believe Vodafone is well positioned to continue delivering value to both customers and shareholders. I would like to thank the Board for its support, insight and counsel in recent years. I would also like to thank our 72,000 employees for their ongoing customer focus and wish them every success in the future.
Arun Sarin
Chief Executive