Vodafone Names Kleisterlee Chairman to Replace Bond
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Vodafone Group Plc named Gerard Kleisterlee, the chief executive officer of Royal Philips Electronics NV, as chairman after some shareholders voted against the re-election of incumbent John Bond.
Kleisterlee, who is 64 years old and slated to step down as Philips CEO in March, will be appointed as a non-executive director of Vodafone on April 1 before becoming chairman at the annual meeting in July, the company said today in a statement.