UK regional integrated operator KCom has announced plans to split the roles of chairman and CEO from 1 April.
Bill Halbert, currently executive chairman, will become CEO. Graham Holden, who has been an independent non-executive director for the past six…
UK regional integrated operator KCom has announced plans to split the roles of chairman and CEO from 1 April.
Bill Halbert, currently executive chairman, will become CEO. Graham Holden, who has been an independent non-executive director for the past six years, is being appointed non-executive chairman.
The move is part of a transformational growth strategy that the Hull-based telco started in 2008 and is now nearing completion.
“The board’s priority is to continue to push ahead with the execution of its strategy for sustainable, profitable growth, by focusing on the delivery of value added services across its target markets, with the aim of establishing strong and sustainable market positions,” stated the company in a stock exchange filing.
The group also announced that Kevin Walsh, an executive director with responsibility for its brand, will retire from the board next summer after 14 years with the business.
It posted revenue for the six months to 30 September down 1.7% to £185.5m, compared with the corresponding period last year. Half-year EBITDA slipped 1.8% to £37.4m.
Halbert said: “We continue to invest in support of the competitive position of our brands, our core IT applications and infrastructure and our broadband fibre deployment. While, as expected, this contributes to a short term decline in certain financial metrics, our strategy and plans continue to yield positive results.”
