Arun Sarin is leaving Vodafone. The chief executive departs as the mobile group's profits pass £10bn for the year. Vodafone made revenues of £35.5bn, up 4.2 per cent, and adjusting operating profit of £10.1bn in the year ended 31 March 2008. Earnings per share were up 11 per cent to 12.5p. Sarin will be replaced by his deputy …
Good bye and good riddance
Let's hope that his departure reduces the number of idiotic politically motivated pronouncements on technology that were so typical of his tenure. Edge, microcells, VOIP - you name it.
Get your coat Arun, you will _NOT_ be missed.
Not a surprise
Everyone I know has been waiting for Colao to take over for nearly the last two years. I suppose Sarin has done a reasonable job given what he inherited from Wide Boy Gent. Colao has been the driving force behind all the cost-cutting.
Tee hee hee
Does that mean we wont get Arun's corner spam shots anymore
Wide Boy Gent?
You mean the guy who transformed tiny Racal Vodafone into the only global pure mobile giant - while everybody else fell by the wayside or had to sleep with the enemy (fixed comms). And he did it profitably. The supreme deal maker without whom the shares would be worth no more than Racal's!
So a person who builds an empire is not best suited to running one - especially as the market matured (saturated). Different skills. Sarin had a rocky ride transforming a sometimes incoherent global empire into an operationally profit motivated group.
Someone who can turn a £35bn revenue stream into a £10bn profit (really?) can't be doing too much wrong except, possibly, beating the regulators into allowing such a rip off of our mobile phone charges.
OK so they had a builder and a transformer. Now they probably want to stabalise the business with an administrator. Mobile is getting boring. The new Chris Gents & Hans Snooks will be building new industries elsewhere. But where?
Am I the only...
... one who thinks he sounds like a Bond Villian?
Er.. I'll get my coat...
It's impossible to travel internationally internationally these days with a name like Sarin, which must be a handicap.
I don't need a coat while I've got this respirator on, now do I?
@Wide Boy Gent
Indeed, Gent and subsequently Sarin have served the shareholders reasonably well. There were a couple of hiccups on the way (anyone remember the idiot who tried to sell Nokia's candy bar phones to the Japanese) but the play on the biggest open emerging market (I consider China closed in this respect) is probably a good one.
Sarin is to good for vodafone
But it will do in a pinch
When he farted did people die?