Ousted Vodafone boss picks up more than £4m in pay and bonuses in 2022-23

Nick Read left Vodafone in December just weeks after unveiling an £880 million plan to slash costs and warning over job cuts and price hikes

  • June 22, 2023
Nick Read: It came as Vodafone reported a 1.3 per cent drop in full-year earnings to a lower-than-expected €14.7 billion and forecast little or no growth in earnings over the current financial year. Picture: Getty

Vodafone’s former boss Nick Read landed more than £4 million (€4.6 million) in salary and bonuses for the year to March, including a £904,000 annual award, despite being ousted at the end of 2022 amid poor performance and swingeing job cuts, it has been revealed.

The mobile phone giant’s annual report shows that Read picked up a bumper pay package worth £3.9 million for 2022-23, which also included a £1.6 million shares award for a ...