Liberty Global announces Severina Pascu as CEO of UPC Switzerland
July 18 2018 - 4:00AM
Business Wire
Eric Tveter to become Chairman of UPC Switzerland and will
continue to oversee Eastern European businesses as CEO
Liberty Global plc (“Liberty Global”) (NASDAQ: LBTYA, LBTYB and
LBTYK), the world’s largest international TV and broadband company,
announced today that effective September 1, 2018, Severina Pascu
will become Chief Executive Officer (CEO) of UPC Switzerland. She
will succeed Eric Tveter, who will assume the role of Chairman of
UPC Switzerland and, with the pending sale of UPC Austria, will
continue to oversee Liberty Global’s Eastern European operations as
CEO.
Pascu is a 10-year veteran of Liberty Global, having served as
Chief Financial Officer for UPC Romania, CEO of UPC Romania, CEO of
Liberty Global’s Eastern European platform and currently Chief
Operating Officer of UPC Switzerland. She will report jointly to
Mike Fries, CEO of Liberty Global, and Eric Tveter and will join
the executive leadership team.
Mike Fries said: “I am thrilled to have Severina take the helm
in Switzerland. She will lead a focused and dedicated operating
team in the Swiss market building on a proven track record of
delivering value to customers and shareowners at every stop in her
10-year career with us. At the same time, Eric will bring critical
focus to our strategic planning and stakeholder relations in
Switzerland, as well as continued leadership in our Eastern
European operations as we prepare for the closing of the Vodafone
transaction and evaluate our opportunities in this region.”
Severina Pascu said: “I’m very excited about the opportunity to
bring my energy and operating experience to our business in
Switzerland. We have a long track record of innovation and growth
in this market, and I’m certain we have the networks, products and
passion to build on our leadership position in one of Europe’s most
advanced digital markets.”
Eric Tveter stated: “Severina has done an outstanding job in her
prior roles in this region and in leading the Consumer Group in
Switzerland. She will find new ways to drive growth in our Swiss
business and I’m excited to continue our collaboration and
partnership in our respective new leadership roles.”
Severina Pascu Background
Severina Pascu has been in the role of Chief Operating Officer
Central Europe at Liberty Global since December 2017. In this
position, she is responsible for the entire marketing, sales and
care business in eight countries as well as for the B2B business in
the Czech Republic, Hungary, Poland, Romania, Slovakia and DTH
located in Luxembourg.
Severina is a business executive with a proven track record of
delivering growth, transformation, increased competitiveness and
value creation. She is an experienced leader with a decade-long
general management experience and over 20 years practice in
telecommunication and finance industries in Central and Eastern
Europe and United Kingdom.
Prior to the current role, she served as CEO Central Eastern
Europe and previously as CEO of UPC Hungary and UPC Romania. Before
joining UPC Romania as CFO in 2008, Severina held a number of
senior management positions in leading international companies,
including American cable operator Metromedia International Telcell,
investment bank CAIB and KPMG.
About Liberty Global
Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is the world’s
largest international TV and broadband company, with operations in
11 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 22 million customers subscribing to 46 million TV,
broadband internet and telephony services. We also serve over 7
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, Casa
Systems, LionsGate, the Formula E racing series and several
regional sports networks.
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