Vodafone reshuffles board as Land and Yea retire

James Pearce
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Nick Land and Philip Yea will both step down from Vodafone group's board of directors after more than a decade at the telco

Vodafone has announced a reshuffle of its board of directors after Nick Land and Philip Yea both announced plans to retire from the company.

Land, who is currently Vodafone’s chairman of the audit and risk committee, and Yea, who serves as a senior independent director, both said they will not seek reelection after more than a decade on the board of the UK telco.

They will step down at the end of July, prompting Vodafone to reshuffle its board of directors.

The restructure will see Val Gooding, the former chief executive of healthcare firm Bupa, become a senior independent director. Gooding has been a non-executive director since 2013.

Fellow non-executive director David Nish, former CEO of Standard Life, will take over from Land chairing the audit and risk committee, a division he is already a member of.

Renee James and Crispin Davis will become members of the nominations and governance committee, which Yea will be stepping down from. Davis was the chief executive of Reed Elsevier plc from 1999 to 2009, while James an Operating Executive at the Carlyle Group and on the board at Oracle.

The final change will Maria Amparo Moraleda Martinez will become a member of the Audit and Risk Committee.

Vodafone group chairman Gerard Kleisterlee said: "On behalf of the Board, I would like to thank Nick and Philip for their significant contribution to Vodafone over the years and wish them well for the future."