CEO says Vodafone will not be slowed by macro woes

By Kate Holton LONDON (Reuters) - Vodafone's new Chief Executive Vittorio Colao does not expect the mobile phone group's progress to be slowed by mounting economic challenges but it will have to adapt to consumers' changing demands, he said on Tuesday. Speaking minutes after the company's annual general meeting when he took over from Arun Sarin, Italy's Colao told reporters that Vodafone (VOD.L: ) would have to offer customers different products to help them weather the worsening economic conditions. Sarin, who had previously faced questions over some of his decisions, received loud and sustained applause from shareholders as he stepped down after five years. "We are in a solid and resilient sector but clearly families will react differently in different parts of the world," Colao said. "You need to adjust to the times, but I... [read full story]