Vodafone (Nasdaq: VOD) on Monday completed its acquisition of Cable & Wireless Worldwide (CWW) and is wasting no time putting its stamp on the management team by naming Nick Jeffery as its new CEO.
Becoming president of CWW is a bit of a homecoming for Jeffery, who interestingly enough began his career at CWW in 1991. Jeffery has been running Vodafone's global enterprise business.
Taking over for Jeffery at Vodafone will be Jan Geldmacher, the enterprise business unit director of Vodafone Germany.
He will replace Gavin Darby, a former Vodafone executive, who joined CWW last year. Vodafone said Darby will stay on with CWW until October to "ensure a smooth transition."
Besides the departure of Darby, three other CWW executives--Ian Gibson, CFO, Dave Broady, acting CTO, and Jane Little, acting human resources director--will be replaced by Vodafone representatives: Vodafone Turkey's CFO Diego Galli as finance director, Vodafone network services unit director John Thompson as technology director, and Vodafone Netherlands' HR director Francesco Bianco as CWW's HR director.
In April, Vodafone reached a deal to acquire CWW for £1.04 billion ($1.7 billion). Through this acquisition it immediately gains a large UK-based fiber network it can use for wireless backhaul and to serve multinational business customers (MNCs).
One of Jeffery's key tasks will be in combining the Vodafone and CWW networks. Jeffery and Vodafone UK Chief Executive Guy Laurence will oversee the integration of CWW's commercial and back-office operations, while Steve Pusey, Vodafone Group Chief Technology Officer will be responsible for the integration of CWW's network and technology assets.
Purchasing wireline assets has become a major focus for Vodafone. In addition to purchasing CWW, the service provider announced earlier this month that it would acquire TelstraClear, Telstra's New Zealand wireline business, for NZD 840 million (USD 668.7 million).
- see the release
- ComputerWeekly.com has this article
Vodafone makes $1.7B offer for Cable & Wireless Worldwide
Vodafone's $668M TelstraClear deal enhances its New Zealand presence
UK panel approves 2nd Vodafone, Tata extension to bid on Cable & Wireless Worldwide
Vodafone, Tata want more time to decide on Cable & Wireless Worldwide bid
Vodafone gets more time to decide on bid for Cable & Wireless Worldwide