Vodafone Group & Liberty Global Announce Intention to Appoint Two Senior Executives for Their Proposed Netherlands Joint Vent...
July 19 2016 - 4:00AM
Business Wire
Jeroen Hoencamp to be appointed Chief
Executive and Ritchy Drost to be appointed Chief Financial Officer
upon completion of transaction
Vodafone Group Plc (LSE: VOD) and Liberty Global plc (NASDAQ:
LBTYA, LBTYB and LBTYK) today announced their intention to appoint
Jeroen Hoencamp as Chief Executive and Ritchy Drost as Chief
Financial Officer of the two companies’ proposed 50-50 joint
venture business combining Vodafone Netherlands and Ziggo*. The
merger is subject to approval by the relevant competition
authorities.
Jeroen Hoencamp is currently the Chief Executive of Vodafone UK.
A Dutch citizen, he has led Vodafone’s UK business since September
2013 and was previously Chief Executive of Vodafone Ireland. Before
that, he spent 12 years in a number of senior executive roles
(including Sales Director and Enterprise Business Unit Director)
with Vodafone Netherlands. Earlier in his career he worked in
senior marketing and sales positions with Canon Southern Copy
Machines, Inc. in the USA and Thorn EMI/Skala Home Electronics in
The Netherlands. He is a former officer in the Royal Dutch Marine
Corps.
In anticipation of the joint venture closing, Vodafone Group
also announced that Jeroen Hoencamp will assume the position of
Chief Executive of Vodafone Netherlands, effective 1 September
2016.
Ritchy Drost is currently Chief Financial Officer of Ziggo, a
position he has held since September 2015. Over a 17-year career
with Liberty Global he has held a number of senior management
positions including Chief Financial Officer, European Broadband
Operations and Managing Director and Chief Financial Officer of UPC
Netherlands, Liberty’s predecessor Dutch cable operation. Prior to
joining Liberty Global, Ritchy was an auditor at Arthur
Andersen.
These appointments are subject to works council
consultation.
Additionally, Liberty Global announced that Ziggo Chief
Executive Baptiest Coopmans will remain in his current position as
CEO until completion of the transaction, after which he will join
the supervisory board of the joint venture as one of Liberty
Global’s appointed directors. Mr. Coopmans has held the Chief
Executive position at Ziggo since November 2014 and successfully
led the merger and integration of UPC and Ziggo.
Vodafone Netherlands Chief Financial Officer Carmen Velthuis
will remain in her current position until the merger has completed.
Vodafone will announce her subsequent assignment in due course.
Vodafone Group Chief Executive Vittorio Colao and Liberty Global
Chief Executive Officer Mike Fries said: “Jeroen and Ritchy are
experienced business leaders with extensive operational, strategic
and merger integration experience. We are delighted they will be
shaping our companies’ shared mission to create a strong and
competitive integrated communications provider serving consumers,
businesses and public sector customers in the Dutch market.”
Liberty Global Chief Executive Officer Mike Fries added: “I am
particularly pleased that Baptiest Coopmans has agreed to join the
joint venture supervisory board once the transaction is completed.
He is an experienced leader and a trusted member of my executive
team whose knowledge of the Dutch broadband and pay TV market will
be invaluable. I look forward to working with Baptiest in this new
role and exploring other opportunities in the Liberty group.”
*
http://www.vodafone.com/content/index/media/vodafone-group-releases/2016/lg-vodafone-merge-dutch-operations.html
About Vodafone Group
Vodafone is one of the world’s largest telecommunications
companies and provides a range of services including voice,
messaging, data and fixed communications. Vodafone has mobile
operations in 26 countries, partners with mobile networks in 56
more, and fixed broadband operations in 17 markets. As of 31 March
2016, Vodafone had 462 million mobile customers and 13.4 million
fixed broadband customers. For more information, please visit
www.vodafone.com.
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 customers who subscribe
to over 59 million television, broadband internet and telephony
services. We also serve over ten million mobile subscribers and
offer WiFi service across six million access points.
Liberty Global’s businesses are comprised of two stocks: the
Liberty Global Group (NASDAQ: LBTYA, LBTYB and LBTYK) for our
European operations, and the LiLAC Group (NASDAQ: LILA and LILAK,
OTC Link: 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, Ziggo, Unitymedia, Telenet and
UPC. The LiLAC Group operates in over 20 countries in Latin America
and the Caribbean under the consumer brands VTR, Flow, Liberty, Mas
Movil and BTC. In addition, the LiLAC Group operates a submarine
fiber network throughout the region in over 30 markets.
For more information, please visit www.libertyglobal.com.
About Vodafone Netherlands
Vodafone Netherlands is the second largest mobile
telecommunications company in the Netherlands on the basis of
turnover and profitability, and had more than 5 million customers
at 31 March 2016. The company is headquartered in Amsterdam and
Maastricht and has offices in Eindhoven, Capelle aan den IJssel,
Bodegraven and Amstelveen IJsselstein. For more information, go to
www.vodafone.nl and www.vodafone.com.
About Ziggo
Ziggo is the leading communications and entertainment services
provider for consumer and businesses across the Netherlands. Ziggo
serves 9.7 million subscriptions to its customers: 4 million video,
3.1 internet and 2.5 million fixed telephony service subscribers.
In addition, Ziggo supplies 197,000 subscribers with mobile
telephony and customers have access to over 2 million WiFiSpots
across the Netherlands (Q1 2016). The company’s products and
services for the small and large business markets consists of data
communications, (mobile) telephony and electronic payment
systems.
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version on businesswire.com: http://www.businesswire.com/news/home/20160719005427/en/
Vodafone NetherlandsPress
team, +00 31 43 355 5222press.nl@vodafone.comorLiberty GlobalMatt Beake, +00 44 208 483
6428mbeake@libertyglobal.comorJulia Hart, +00 31 6 1121
2871juhart@libertyglobal.com
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