Vodafone Chief Executive Officer Vittorio Colao has named two top executives to head up new divisions to oversee its cell phone business in emerging markets. Colao, who split up the post because of Vodafone's aggressive growth in those markets, named U.K. business chief Nick Read to oversee the Asia-Pacific and Middle East regions and Morten Lundal, the head of Vodafone's Middle East and Africa section, to lead the central Europe and African businesses.

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