Outgoing Vodafone boss Vittorio Colao steered the firm through a decade-long overhaul
Outgoing Vodafone boss Vittorio Colao was handed a £1.7million pay rise in his last full year before leaving the company.
After the Italian steered the firm through a decade-long overhaul, his departure – planned for September – was announced last month.
Yesterday Vodafone revealed Colao’s pay rose 26 per cent to nearly £8million in the year to March 31.
It included a £1.2million salary, £1.5million bonus, £5million in performance pay and £276,000 for his pension.
Between 2008 and 2017 Colao, 56, was handed £60.2million – although during this time Vodafone shares have risen 44 per cent.
His major decisions included moving the firm’s HQ from Berkshire to London, agreeing the sale of its £84billion stake in US rival Verizon and last month’s £16billion deal to buy Liberty Global’s cable network in Europe.
However, he also presided over embarrassing episodes that saw Vodafone top Ofcom’s table of customer complaints and botch a computer systems update.