Liberty Global Announces Executive Leadership in Switzerland
November 16 2020 - 6:45AM
Business Wire
André Krause Named CEO of Combined Sunrise UPC Business
Severina Pascu Returning to Switzerland to Serve as Deputy CEO
and COO
Liberty Global (Nasdaq: LBTYA, LBTYB and LBTYK), one of the
world’s leading converged video, broadband and communications
companies, today announced the appointment of two senior executives
to lead its newly combined Swiss operations following the closing
of its acquisition of Sunrise Communications AG (SIX Swiss
Exchange: SRCG) last week.
Effective immediately, André Krause is Chief Executive Officer
of the combined Sunrise UPC business. He joins Liberty Global’s
executive team, reporting to CEO Mike Fries. Krause is currently
the CEO of Sunrise and served as the mobile operator’s Chief
Financial Officer (CFO) for eight years prior. He was critical in
leading the transformation of Sunrise’s network, customer service,
brand and company culture and instrumental in the successful IPO
and listing of the company on the Swiss exchange in 2015.
Additionally, Severina Pascu will return to Switzerland to serve
as Deputy CEO and Chief Operating Officer (COO), reporting to
Krause. Pascu has been a longtime member of the Liberty Global
family, having served most recently as CFO and Deputy CEO of Virgin
Media in the United Kingdom. Prior to that she was CEO of UPC
Switzerland from September of 2018 to January of 2020, and has
spent the last 10 years in leadership positions in Liberty Global’s
Central and Eastern European operations. Pascu will lead the
combined consumer and business organizations, operations and
digital functions.
“This is an exciting time in Switzerland as we bring these two
major brands together for the benefit of consumers, businesses and
employees,” said Fries. “André is an outstanding executive with a
proven track record of growth, innovation and value creation at
Sunrise. He is uniquely qualified to lead the integration of these
two businesses and deliver on our long-term strategic growth plans
in the market. He will also be a great addition to my senior
leadership team where his mobile experience will be particularly
valuable, and he can benefit from our success in other fixed-mobile
markets.”
“I am also thrilled to have Severina back in Switzerland,” Fries
added. “She is a world class operator with deep experience in the
Swiss market and clear understanding of what it takes to build a
converged national champion. She and André are a “dream team” that
will provide leadership, continuity and strategic clarity to
Sunrise UPC at this critical juncture.”
“By combining UPC's leading gigabit broadband network and the
leading 5G mobile network of Sunrise, we are creating the best
connectivity platform for Swiss consumers and businesses for the
future,” said Krause. “With Liberty Global’s proven expertise for
creating leading fixed-mobile champions across Europe we will set
new standards in the Swiss market in the coming years. I am excited
and honored to shape this next chapter of the combined Sunrise UPC
business together with extraordinary people as one team.”
Pascu added, "I strongly believe that this combined Sunrise UPC
business will make a difference in the Swiss market and will create
significant benefits for consumers and businesses across
Switzerland. Together with our employees we have a unique
opportunity to build the future of Switzerland. I am very much
looking forward to this new role and being part of this journey
together with André, the leadership team and all our employees to
become the national converged champion."
Baptiest Coopmans, who has served as CEO of UPC Switzerland for
the last 10 months, will return to a senior operating role at
Liberty Global. Fries said, “Baptiest did a fantastic job in his
short tenure at UPC. In a difficult year, he accelerated commercial
momentum, simplified the operating structure and energized the
team.”
ABOUT LIBERTY GLOBAL
Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is one of the
world’s leading converged video, broadband and communications
companies, with operations in 6 European countries under the
consumer brands Virgin Media, Telenet and UPC. We invest in the
infrastructure and digital platforms that empower our customers to
make the most of the digital revolution.
Our substantial scale and commitment to innovation enable us to
develop market-leading products delivered through next-generation
networks that connect 11 million customers subscribing to 25
million TV, broadband internet and telephony services. We also
serve 6 million mobile subscribers and offer WiFi service through
millions of 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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