Vodafone Group Plc (LON:VOD) has announced the appointment of Luka Mucic as Chief Financial Officer and as an Executive Director of Vodafone, effective from 1 September 2023.
Margherita Della Valle, Chief Executive said: “I am thrilled that Luka will be joining the Vodafone team. He has a strong track record of international leadership, corporate repositioning and value-creation. Luka is joining us at a critical time as we undertake the transformation of Vodafone.”
Jean-François van Boxmeer, Chair said: “Following a rigorous international and cross-sector search, I am delighted Luka is joining the Board. He brings with him extensive experience in finance, international business – particularly in Germany – and technology.”
Luka Mucic biographical information
Luka Mucic was the Chief Operating Officer of SAP SE from 2014-2017 and its Chief Financial Officer from 2014 until 31 March 2023. During these roles, he was responsible for SAP’s groupwide Finance, Legal, Data Protection, Procurement, Audit, Risk Management, Security, IT and process management functions.
He is currently a member of the Supervisory Board of Heidelberg Materials AG, a building materials company listed on the Frankfurt Stock Exchange. He was previously a non-executive director of the Board of Qualtrics International, a company that was listed on the NASDAQ stock exchange, between 28 January 2021 and 28 June 2023.
Luka began his career at SAP in 1996 and has held a series of management positions within the Global Finance and Administration division. He assumed responsibility for M&A projects, as well as for the global risk management function of SAP and the legal department of SAP Markets Europe.
After serving as CFO of SAP’s DACH region (comprising Germany, Austria and Switzerland) from 2008 to 2012, he became head of Global Finance and a member of SAP’s Global Managing Board in 2013. Luka also oversaw SAP’s sustainability efforts and was responsible for SAP’s Taulia and SAP Signavio business units.
Luka studied law at the Ruprecht-Karls University of Heidelberg and obtained a joint Executive MBA from Mannheim Business School and ESSEC Paris.
Remuneration
Luka Mucic’s remuneration as Group Chief Financial Officer will be as follows:
– Base salary – £760,000 per annum
– Bonus – Maximum of 200% of base
– LTIP – Maximum of 450% of base
– Pension – 10% of base as an allowance, in line with the wider UK workforce
– Car allowance – £19,200
All remuneration arrangements are consistent with the terms of the Directors’ Remuneration Policy approved by shareholders at the AGM in July 2020 and those of the Directors’ Remuneration Policy which will be submitted for shareholder approval at the AGM in July 2023, including support for relocation in line with Vodafone’s relocation and international assignment policies, which will cover (but is not limited to) immigration, relocation, housing, and tax advice. Further detail will be set out in the 2024 Directors’ Remuneration Report.
Luka Mucic said: “I am very excited to be joining Vodafone at this important stage of the Group’s development. I look forward to working with Margherita and the team in delivering Vodafone’s strategic priorities of Customers, Simplicity and Growth.”
