Vodafone CFO Luka Mucic to Exit, Joins Vonovia as CEO

Vodafone (NASDAQ:VOD) announced that its Chief Financial Officer, Luka Mucic, will step down by early 2026. The telecom giant confirmed that the search for his successor is already underway. Mucic, who joined Vodafone in September 2023, has accepted the role of Chief Executive Officer at Vonovia SE (ETR:VNAn), Germany’s largest publicly listed real estate company.

His departure marks a significant leadership shift as Vonovia seeks to recover from a prolonged real estate downturn that has impacted the broader property market across Europe. Vonovia’s current CEO, Rolf Buch, is stepping down after over a decade at the helm. The leadership transition is seen as a strategic move aimed at stabilizing the company and restoring investor confidence amid declining property values, rising interest rates, and shifting housing demand.

Mucic brings over 20 years of experience, having previously served as CFO at SAP before joining Vodafone. His background in finance and transformation is expected to be instrumental in navigating Vonovia through ongoing challenges in the European real estate sector.

Vodafone, meanwhile, is in the midst of its own transformation strategy under CEO Margherita Della Valle, focusing on streamlining operations and improving profitability. The company emphasized that Mucic will remain in his role to ensure a smooth transition before taking on his new position.

The dual leadership changes at major European companies signal broader shifts in both telecom and real estate sectors, driven by economic headwinds and the need for strategic overhauls. Investors will be closely watching Vodafone’s CFO succession plan and Vonovia’s turnaround strategy under Mucic’s leadership.