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Vodafone chief leaves as firm turns profit

05/27, 1:20pm

Sarin Leaves Vodafone

Vodafone had mixed news on Tuesday as the company announced the departure of chief executive Arun Sarin just as the company turned to profit for its latest full year of results. The senior official explains that the company's shift from a yearly loss of $10.8 billion in 2007 to a $13.2 billion profit today suggests that he has accomplished his goal of reviving the company and that it was time to move on to a new position; European regional chief Vittorio Colao will take Sarin's place when the latter's departure takes effect after a company general meeting on July 29th.

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