LONDON-- Telecommunications company Vodafone Group PLC (VOD.LN) Wednesday said that its group business development director Warren Finegold will step down from the group executive committee on June 30, but has agreed to act as an adviser on strategic projects from July 2016.

"Warren has made a significant contribution to Vodafone's strategic development since he joined the Executive Committee in April 2006, most notably through the $130 billion disposal of Vodafone's interest in Verizon Wireless, the acquisitions of Kabel Deutschland and Ono and the acquisition of Hutchison's interest in India," the company said.

Shares at 0740 GMT, up 3 pence, or 1.6%, at 221 pence valuing the company at GBP58.76 billion.

-Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

March 30, 2016 03:58 ET (07:58 GMT)

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