STOCKHOLM – Vodafone Group CEO Arun Sarin will step down from the top job at the mobile operator in July.

Sarin will leave the CEO’s chair, a position he has occupied for the last five years, on July 28 at the company’s annual general meeting, Vodafone said this week. He will be replaced by Vittorio Colao, the group’s deputy CEO.

Vodafone also announced its full-year results, posting a