Vodafone Group has appointed Microsoft leader Pilar López as its new Chief Financial Officer.
She will take over on October 1 to replace Luka Mucic, who is leaving at the end of November to become CEO of German real estate company Vonovia SE
López will receive a base salary of £725,000, with a maximum bonus opportunity of 200% of salary and a long-term incentive plan of up to 450%. Her pension allowance is set at 10% of salary—aligned with Vodafone’s broader UK workforce—and she will receive a car allowance of £19,200.
She joins Vodafone after a decade in senior leadership roles at Microsoft, where she most recently led the company’s strategic partnership with the London Stock Exchange Group.
Her previous roles include Chief Operating Officer for Western Europe and General Manager for Spain. Before joining Microsoft, López spent 16 years at Telefónica, holding senior finance and leadership positions such as CFO of Telefónica Europe and O2 Plc, as well as Strategy & Business Development Director in Spain.
Commenting on her appointment, López said:
“I’m thrilled to be joining Vodafone at such an important time in the Group’s transformation. I’m excited to work with Margherita and the team as Vodafone continues to improve customer service, simplify operations, and deliver sustainable free cash flow growth.”
Vodafone CEO Margherita Della Valle (below) welcomed the appointment, saying:
“I am delighted that Pilar will be joining Vodafone in October. She brings deep knowledge of both the telecoms and technology sectors through a range of international leadership roles. Following a significant period of change at Vodafone, Pilar’s appointment supports our continued focus on operational excellence across the Group.”
Vodafone Chair Jean-François van Boxmeer added:
“Following an extensive and rigorous international search, I am very pleased to welcome Pilar to Vodafone and our Board. She brings strong experience from the finance, telecoms, and technology sectors across Europe and is an excellent addition to our leadership team.”
López began her career at J.P. Morgan and currently serves as a Non-Executive Director of Inditex S.A. She was previously a board member at Ferguson Plc.
