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Vodafone CFO set to go

Vodafone Hutchison Australia's long-running CFO David Boorman is set to leave the company at the end of the year, after 14 years with the Vodafone group.
Written by Josh Taylor, Contributor

Exclusive: Vodafone Hutchison Australia is on the hunt for a new chief financial officer after David Boorman announced his intention to leave the company at the end of the year.

Boorman, who has been the CFO of VHA since the merger in 2009, and was the CFO of Vodafone Australia since 2005, has been with the Vodafone global group for 14 years in a variety of roles, starting out in Vodafone UK before moving to financial controller for Vodafone Europe, and then CFO for Vodafone Ireland in 2002.

Vodafone Hutchison Australia told ZDNet that Boorman announced his intention to leave at the beginning of the year, but remained on board to assist new CEO Bill Morrow.

"He agreed to stay on until the end of the year to assist Bill and the leadership team. We'll announce a new appointment to the role shortly," Vodafone said.

His departure comes as the company reported a loss of AU$260.2 million in the first six months of 2012, losing 178,000 customers and bringing the total mobile customer base to 6.8 million.

Vodafone has struggled for the last 18 months, following the company's infamous network troubles, which began in late 2010. The company is rolling out a billion-dollar overhaul of its network, replacing legacy 2G and 3G network equipment with Huawei SingleRAN units that will also allow Vodafone to switch on a 4G network in early 2013.

While Optus and Telstra are eyeing the digital dividend auction for spectrum for their 4G long-term evolution (LTE) networks, Morrow has suggested that the company may skip these auctions, because Vodafone has 30MHz of 1800MHz spectrum already available for 4G services.

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