Liberty Global Appoints Lutz Schüler as Virgin Media CEO
April 23 2019 - 4:15PM
Business Wire
Liberty Global, the world’s largest international TV and
broadband provider, today announced the appointment of Lutz Schüler
as CEO of Virgin Media, the company’s operations in the UK and
Ireland, effective June 11, 2019. Schüler joined Virgin Media as
Chief Operating Officer in September 2018, after eight years
running Liberty Global’s operations in Germany.
Tom Mockridge, who has been Virgin Media CEO since Liberty
Global first acquired the business in 2013, is leaving the company
to base himself again in Italy with his family.
“Lutz is an outstanding leader and operator,” said Mike Fries,
CEO of Liberty Global and Chairman of Virgin Media. “During his
eight years in Germany, Lutz led a talented team and created
significant value. Since joining Virgin Media last year, he has
made an immediate impact, uniting the team around a clear strategy
for continued, best-in-class growth in the UK and Ireland. Tom,
Lutz and I have prepared for this moment for some time now, so Lutz
will hit the ground running from day one.”
Schüler said: “I am thrilled to be leading Virgin Media. After
seven months working in our operations, I am more excited than ever
about our continued growth potential with the customers and
communities we serve in the UK and Ireland.”
Fries added, “I want to thank Tom for his tireless commitment to
transforming Virgin Media since we acquired the business in 2013.
Under Tom’s leadership, operating cash flow has grown 35% and
Virgin Media is now recognized as the leader in ultrafast
broadband, the best entertainment and superior quality of service.
We’ve also launched the most successful network upgrade and
expansion programs in UK history, ensuring that more than 15
million households have the opportunity to enjoy Virgin Media’s
incredible products and services.”
“Tom and I have known and worked with other each for much of the
past three decades,” Fries continued. “His outstanding strategic
and operational talent has always been greatly valued by me. While
he will be spending more time in Italy, I’m sure he will remain
close to the action in our industry for a long time to come.”
Mockridge said: “It has been a privilege to lead Virgin Media
over the past six years. Since becoming part of Liberty Global,
Virgin Media has reinvigorated its business. The company is now
spearheading the advance of the thriving digital economy in the UK
and Ireland with the largest, most successful programme to connect
homes and businesses to broadband.”
“I’m very pleased to now hand the reins to an executive of
Lutz’s calibre. He steps into the role of Virgin Media CEO with a
strong platform for continued growth in the UK and Ireland.”
ABOUT LIBERTY GLOBAL
Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is the world’s
largest international TV and broadband company, with operations in
10 European countries under the consumer brands Virgin Media,
Unitymedia, Telenet and UPC. We invest in the infrastructure and
digital platforms that empower our customers to make the most of
the video, internet and communications revolution. Our substantial
scale and commitment to innovation enable us to develop
market-leading products delivered through next-generation networks
that connect 21 million customers subscribing to 45 million TV,
broadband internet and telephony services. We also serve 6 million
mobile subscribers and offer WiFi service through 12 million access
points across our footprint.
In addition, Liberty Global owns 50% of VodafoneZiggo, a joint
venture in the Netherlands with 4 million customers subscribing to
10 million fixed-line and 5 million mobile services, as well as
significant investments in ITV, All3Media, ITI Neovision,
LionsGate, the Formula E racing series and several regional sports
networks.
For more information, please visit www.libertyglobal.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190423005935/en/
Investor Relations:Matt Coates, +44 20 8483 6333John Rea,
+1 303 220 4238Corporate Communications:Matt Beake, Liberty
Global, +44 20 8483 6428Mike Large, Virgin Media, +44 77 6826
1528
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