Cable & Wireless Announces John Reid, CEO to Step Down
December 12 2017 - 9:00AM
Cable & Wireless Communications ("C&W") today announced
that John Reid will step down from the position of CEO in early
2018. An announcement on C&W’s incoming CEO will be made in due
course, and until that time, Reid will remain in the post and will
support the transition to new leadership.
Mike Fries, CEO of Liberty Global, parent
company of C&W said: “John has been an exceptional leader for
us, steering Cable & Wireless through significant changes and
transformation; we have valued John’s dedication and energy and
wish him the very best for the future.”
Reid has been an industry leader for more than
29 years in Canada and for the past 13 years across the Caribbean
and Latin America. At Columbus Communications and then with the
merger with Cable & Wireless, Reid played a key role in
building the region’s leading full service communications and
entertainment provider. Most recently, John was also instrumental
in the integration of C&W with Liberty Global, which is due to
deliver $150m in synergies, as well as readying the company to be
part of Liberty Global’s Latin America and Caribbean operation,
which is due to be split-off next month. During his tenure at
C&W, Reid has driven the transformation of the business to
focus on delivering an unparalleled customer experience leading to
improved performance and efficiency, as well as the implementation
of growth strategies for the Company’s mobile, residential,
business and wholesale segments. In October 2016, Reid was
recognized by leading intelligence source, Global Telecom Business,
as one of the top five leaders from the Caribbean and Latin America
in GTB’s Power 100.
Commenting, Reid said: “It has been a great
privilege to lead C&W through the integration with Columbus and
more recently with Liberty Global. With the planned split-off of
Liberty Latin America, now is the right time to let new leadership
take the business through its exciting next chapter. I am proud of
what we have achieved during my tenure; with our focus on
delivering an unparalleled customer experience starting to
translate into performance momentum, and a talented new leadership
team in place, C&W is ready for its next phase of growth.”
About C&W
CommunicationsC&W is a full service communications and
entertainment provider that delivers market-leading video,
broadband, telephony and mobile services to consumers in 18
countries. Through its business division, C&W provides data
center hosting, domestic and international managed network
services, and customized IT service solutions, utilizing cloud
technology to serve business and government customers.
C&W also operates a state-of-the-art
submarine fiber network – the most extensive in the region.
Learn more at www.cwc.com, or follow C&W on
LinkedIn, Facebook or Twitter.
About Liberty Global Liberty
Global is the world’s largest international TV and broadband
company, with operations in more than 30 countries across Europe,
Latin America and the Caribbean. We invest in the infrastructure
that empowers our customers to make the most of the digital
revolution. Our scale and commitment to innovation enable us to
develop market-leading products delivered through next-generation
networks that connect our over 24 million customers who subscribe
to over 50 million television, broadband internet and telephony
services. We also serve over 10 million mobile subscribers and
offer WiFi service across 10 million access points.
Liberty Global’s businesses are comprised of two
stocks: the Liberty Global Group (NASDAQ:LBTYA) (NASDAQ:LBTYB) and
(NASDAQ:LBTYK) for our European operations, and the LiLAC Group
(NASDAQ:LILA) and (NASDAQ:LILAK) (OTC:LILAB), which consists of our
operations in Latin America and the Caribbean.
The Liberty Global Group operates in 12 European
countries under the consumer brands Virgin Media, Unitymedia,
Telenet and UPC. The Liberty Global Group also owns 50% of
VodafoneZiggo, a Dutch joint venture, which has 4 million
customers, 10 million fixed-line subscribers and 5 million mobile
subscribers. The LiLAC Group operates in over 20 countries in Latin
America and the Caribbean under the consumer brands VTR, Flow,
Liberty, Más Móvil and BTC. In addition, the LiLAC Group operates a
sub-sea fiber network throughout the region in over 40 markets.
For more information, please visit
www.libertyglobal.com.
C&W
CommunicationsInvestor Relations:Kunal
Patel+1 (786) 376 9294
Media Relations:Claudia
Restrepo+1 (786) 218 0407
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