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Vodafone names CEO replacement

Vodafone names CEO replacement

Inaki Berroeta to succeed Bill Morrow from March 1

Vodafone Hutchison Australia has named Inaki Berroeta as successor to current CEO, Bill Morrow, who is departing to head up the National Broadband Network from March 1.

Berroeta is currently wrapping up a three-year stint at the telecommunications provider’s Romanian office, where he was served as president and CEO since 2010.

His tenure has seen him credited with delivering growth and improved profitability in a competitive market and tough economic conditions. Vodafone also said he led the Romanian business’ successful bid to renew and acquire a 15-year spectrum license and established the company as the first mobile carrier to offer LTE services.

In the 2012 to 2013 fiscal year, Vodafone Romania achieved total revenue of €769 million ($1.2 billion) with earnings before interest, taxes, depreciation and amortisation (EBITDA) of €276m ($431.15m).

“Inaki is a great fit for the local team and his diverse background places him well to take Vodafone through to the next phase of its three-year turnaround," Morrow said.

Berroeta’s telco career spans 20 years. Prior to Romania, he was boss of Vodafone’s Malta office to which he appointed in 2007, before which he held various operational roles at Vodafone Spain, Global Star USA, AirTouch International (USA), Airtel Moviles (Spain), and Keon (Spain and USA).

Read more: Vodafone joint venture partner HTAL posts $285.5 million loss

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Tags Bill Morrownational broadband networkvhaTelcoVodafone Hutchison AustraliaTelecommunicationsNBN

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