Vodafone announces board reshuffle

Vodafone Group, the effective parent company of SA firm, Vodacom, has announced that Sir John Buchanan will retire from the Board in his capacity of deputy chairman and senior independent director as well as member of the audit committee.

Luc Vandevelde will become senior independent director, which becomes effective at the conclusion of the company’s annual general meeting on 24 July 2012.

Gerard Kleisterlee, Chairman of Vodafone said of Buchanan: “Based on his many years of experience and track record of success in financial management in multinational businesses, John has been a great asset to the Vodafone Board. The whole board send him our thanks and best wishes.”

Kleisterlee said of Vandevelde: “His experience in the Vodafone Board and his deserved reputation as an international businessman of considerable standing make him ideally suited for this role.”

In addition, changes to the composition of the board committees – which will also take effect on 24 July 2012 – are announced today (16 May 2012). Philip Yea will join the nominations & governance committee, Anthony Watson will step down from the remuneration committee and will join the audit committee, and Renee James will join the remuneration committee.

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Vodafone announces board reshuffle