Vodafone has moved into the integration process of its recent $1.7 billion acquisition of Cable & Wireless, announcing today plans to de-list the company from the London Stock Exchange following the close of the acquisition and appointment of executives.
Vodafone reported that current chief executive of its global enterprise business, Nick Jeffery, has been appointed chief executive of Cable & Wireless effective immediately. Jeffery worked previously at Cable & Wireless between 1991 and 2004, before joining Vodafone. In his new position, Jeffery will be tasked, along with Vodafone UK Chief Executive Guy Laurence, with integrating Cable & Wireless’ commercial and back-office operations. Current Vodafone CTO Steve Pusey will oversee the integration of Cable & Wireless’ network and technology services.
Jan Geldmacher, currently director of Vodafone Germany’s enterprise business unit, will assume Jeffery’s former position.
Jeffery’s appointment will also see Cable & Wireless’ current chief executive, Gavin Darby, exit the company by the end of October. Joining Darby in exiting Cable & Wireless will be current CFO Ian Gibson CTO Dave Broady and human resources director Jane Little.
Moving into the Cable & Wireless suites along with Jeffery will be Diego Galli, currently CFO of Vodafone Turkey, as fiancé director; John Thompson, currently director for Vodafone’s group network services unit, as technology director; current Vodafone Netherlands HR director Francesco Bianco will become HR director at Cable & Wireless; and Mark Allison, currently head of Vodafone’s global enterprise commercial team, was appointed integration director.
Vodafone has noted that the acquisition of Cable & Wireless, which has an extensive cable network in Europe and Asia, will strengthen its enterprise business in the United Kingdom and around the world. Vodafone has equity interests in mobile operations across more than 30 countries, including a 45% stake in Verizon Wireless.
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