Resignation of Vodafone CEO: Troubles have suddenly increased for the telecom network company Vodafone. On Monday i.e. December 5, Vodafone Chief Executive Officer Nick Read said that he will step down from the company. Vodafone itself has confirmed this news.

If the company is to be believed, then Nick Read will resign from his post by the end of this year. Nick Read has been working as the head of the company for the last four years.

After Nick leaves the company, the company will replace him with Margherita Della Valle, the company's finance chief, as interim CEO.

For information, let us tell you that after resigning from his post on 31 December, Nick will work as an advisor on the board till 31 March 2023.

The company also said in a statement that it has started searching for a new executive

Nick has been associated with the company for almost 20 years

On the matter of leaving the company of CEO Nick Read, the company gave its statement saying that Nick has been associated with the company for almost 20 years.

But in December this year, Nick is going to say goodbye to the company. In the year 2018, he was appointed as the CEO of the company. Since his appointment, he has held local, regional and global executive roles.

Even during the Corona epidemic, he has played an important role. Not only this, but Nick also sold the company's assets to increase the focus on the European and African markets. Nick has also converted Vodafone Group's tower infrastructure into a separate unit.

Resignation of Vodafone CEO: What Nick said in his statement

Nick Read said in a statement- "I completely agree with this decision of the board and now the time has come for a new leader to take over the reins of the company. The new leader who will come will be able to make Vodafone's strengths and capabilities even better."