Cable&Wireless Worldwide announces that Tim Weller, Chief Financial Officer, will be leaving the company in July 2011.
After playing a key role in establishing Cable&Wireless Worldwide as an independent listed company following its demerger in March 2010, Tim and the Board have agreed that he will leave the Company on the date of the Annual General Meeting on 21 July, 2011. Tim is looking at this juncture to pursue new challenges.
Subject to a full external benchmarking process, the Board intends to promote Ian Gibson to Chief Financial Officer of Cable&Wireless Worldwide and invite him to join the Board at Tim’s departure. Ian has been with the company for nearly 16 years and has been Deputy Chief Financial officer over the last ten months. Ian brings a wealth of telecommunications sector and business experience.
Tim and Ian work closely together and will ensure an orderly handover and smooth transition.
Jim Marsh, Chief Executive Officer said: “I would like to thank Tim for his contribution to establishing the company as an independent plc and I wish him well for the future”.
As stated in the 17 February, 2011 Interim Management Statement, the business continues to trade in the current year in line with expectations.
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About Cable&Wireless Worldwide
Cable&Wireless Worldwide is a leading global telecoms company providing a wide range of high-quality managed voice, data, hosting and IP-based services and applications to large multinational companies, governments, carrier customers and resellers across the UK, Asia Pacific, India, Middle East & Africa, Continental Europe and North America. Established in the 1860s, Cable&Wireless Worldwide helps more than 6,000 organisations deliver their goals. The Group’s vision is to be the first choice for mission critical communications.
Reaching 20,500km in length, Cable&Wireless Worldwide owns the UK’s largest fibre network dedicated to business users of telecoms, and provides ubiquitous nationwide access through a combination of fibre, digital, microwave, radio and leased circuits. The network has presence in over 400 towns and cities in the UK, with more than 850 unbundled exchanges covering 55% of the population.
Internationally, Cable&Wireless Worldwide’s global next-generation network (NGN) stretches to more than 500,000km, including interests in 69 global cable systems, enabling connectivity to 153 countries. The Group’s IP-based Multi-Service Platform operates across the NGN, offering a single environment on which voice and data applications can be converged to drive business efficiencies. Cable&Wireless Worldwide’s network is uniquely designed with inbuilt resilience.
With more than 6,200 colleagues globally, Cable&Wireless Worldwide is committed to delivering exceptional customer service and developing long term partnerships with its customers.
To find out more, visit www.cw.com.