Image copyright Getty Images
Mr Colao mentioned he had seen a "decade of huge strategic transformation"
Vodafone's chief govt Vittorio Colao is to depart the cell phone large in October after 10 years on the helm.
He might be changed by present finance director Nick Read.
The announcement got here as Vodafone reported an annual revenue of €2.8bn (£2.5bn), in contrast with a lack of €6.1bn final yr when it wrote down the worth of its Indian enterprise.
Mr Colao mentioned it had been a "actual privilege" to lead Vodafone.
He added he can be working flat out till his departure in October, however that he had no plans after that.
Mr Colao has presided over some main modifications. In 2013, Vodafone offered its stake in Verizon Wireless to US telecoms group Verizon Communications for $130bn, which on the time was one of many greatest offers in corporate historical past.
Last week, Vodafone paid €18.4bn to purchase Liberty Global's cable TV and broadband networks in Germany and Eastern Europe.
Mr Colao was appointed group chief govt in July 2008. Vodafone acknowledged that the corporate had been reworked by him from a consumer-focused 2G/3G cellular operator to one with international management within the "Internet of Things".
Its customer base has additionally doubled from 269 million to 536 million throughout 25 nations.
In a media convention name following the outcomes, Mr Colao mentioned: "It has been an actual privilege to lead the group by means of a decade of huge strategic transformation culminating in immediately's good efficiency."
Vodafone's chairman, Gerard Kleisterlee, mentioned: "On behalf of the board, I would love to specific our gratitude to Vittorio for an excellent tenure.
"He has been an exemplary chief and strategic visionary who has overseen a dramatic transformation of Vodafone."