Vodafone, the world’s second-biggest mobile phone operator, has recruited Jean-Francois Van Boxmeer, the current Chief Executive of brewer Heineken, to succeed Gerard Kleisterlee as chairman from November this year.
- Vodafone recruits the current CEO of Heineken to be its new Chair
- Jean-Francois Van Boxmeer has been at the brewer since 2005 and presided over a three-fold increase in in its share price
- Mr Van Boxmeer will take over from outgoing Chairman Gerard Kleisterlee in November of this year
The UK-based company said Van Boxmeer, a Belgian, will join as a non-executive director on the 28th of July.
He has been Heineken’s Chief Executive since 2005, presiding over a nearly threefold increase in its share price through a combination of strategic transactions and organic growth. He will hand over the role to Asia-Pacific chief, Dolf van den Brink, in June.
Van Boxmeer “is a very experienced businessman, with an in-depth knowledge of our geographic regions and he brings very strong sales and customer focus,” said Kleisterlee, who has been Vodafone’s chairman for nine years.
“I am greatly looking forward to working with (CEO) Nick (Read) and the executive team to drive forward Vodafone’s strategy, ensuring that we create significant value for all stakeholders,” Van Boxmeer said.
Earlier this month Vodafone reported a 2.6% rise in full-year core earnings and maintained its dividend, bucking a corporate trend to cut or scrap payouts due to the coronavirus crisis.
Shares in Vodafone, down 12% so far in 2020, closed Thursday at 129 pence, valuing the business at 34.5 billion pounds (approximately $42.1 billion).
Via our content partners at Reuters. Reporting by James Davey. Editing by Sarah Young and Paul Sandle.