Vodafone boss to retire with £25m payout

Vodafone boss to retire with £25m payout

June 11, 2016

Arun Sarin, the chief executive of Vodafone, will receive around £22 million in share payouts when he retires from the company in March next year.

This will be supplemented by his yearly wage and bonuses totalling £3.6 million.

Sarin shocked city traders last month when he announced his early retirement.

The 53 year old will be stepping down from his post in July, but will remain at the company as a consultant until March 2017.

He has led the mobile telecoms group for five years, turning the European-focused business into a worldwide brand, resulting in significant increases in profits.

Deputy CEO Vittorio Colao will take to the helm when Sarin retires.

timyeo

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