15-12-2005, 12:07
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#3
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cf.mega poster
Join Date: Dec 2003
Location: floating in the ether
Posts: 13,333
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Re: Simon Duffy steps down
CONFIRMED:
Quote:
New Chief Executive Officer appointed
Stephen Burch has been appointed ntl's President and Chief Executive Officer and as a director effective 16 January 2006, and will serve in those same capacities in the combined company, succeeding Simon Duffy, who will become Executive Vice Chairman for ntl (and the combined company).
Stephen has spent the past 17 years with Comcast Corporation in the United States, where he most recently served as President of Comcast's Atlantic Division and was a key player in Comcast's integration of AT&T Broadband.
As Executive Vice Chairman, Simon will focus on external management issues, including group strategy and business development, European and UK regulatory affairs, mergers and acquisitions, and other areas as part of the company's efforts to continue the development of its growth strategy, which has included the recent merger agreement with Telewest and the company's efforts to create the 'quadruple play' by potentially adding mobile service to the company's portfolio.
Jim Mooney, ntl's Chairman, commented, "Since joining the company in March 2003, Simon has helped lay the foundation that has enabled ntl to reach the next phase of the company's evolution. Against that backdrop, and recognising that the company's enhanced scale and presence now requires a greater focus on external management, Simon will concentrate on that area. We will look to Stephen to lead ntl through our merger with Telewest.
"Stephen brings a wealth of leadership and direction to our company in this pivotal time as we now begin in earnest to integrate Telewest to create the premier UK communications company. Stephen's recent experience in being a part of Comcast's integration of AT&T Broadband has served as the industry gold standard and we are excited that he will lead us through this historic period. Today's appointments will also ensure that we are more effectively positioned to compete in the ever-changing UK communications marketplace," he added.
Prior to being named ntl's Chief Executive Officer, Stephen spent his entire 26 year career in the cable sector, working for the past 17 years at Comcast Corporation. During his tenure at Comcast, Stephen has held positions ranging from general manager to his current position, President - Atlantic Division, which he has held for the past five years. He was instrumental in the integration of Comcast's acquisition of AT&T Broadband, where his Division integrated approximately 2 million subscribers within 18 months. Throughout his career he has also integrated over 2.5 million cable subscribers in 15 markets around the US. Stephen oversees 3.9 million subscribers and holds full responsibility for his Division's operations, including finance, customer service, human resources, marketing, legal, technical operations and engineering.
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