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Verizon Wireless named Andrew Davies VP and CFO effective Nov. 15 when he will replace John Townsend who has been named Regional CFO-Europe for Vodafone Group plc. Vodafone owns 45% of Verizon Wireless.
Davies is currently CFO of Vodafone Essar Ltd., the company’s Indian subsidiary and has been with Vodafone since 2003. Vodafone acquired a majority interest in Essar in 2007 for $11.1 billion, which was seen by many as the high-point for Vodafone’s former CEO Arun Sarin before he left the carrier in 2008.
