Dutch cableco Ziggo has reportedly abandoned efforts to find a new CEO in preparation for a possible IPO of the company.
Bernard Dijkhuizen will remain at the helm for a further three years, contrary to reports that the company’s owners were looking for…
Dutch cableco Ziggo has reportedly abandoned efforts to find a new CEO in preparation for a possible IPO of the company.
Bernard Dijkhuizen will remain at the helm for a further three years, contrary to reports that the company’s owners were looking for a management change, according to translations of local paper Het Financieele Dagblad.
Ziggo, which is controlled by private equity firms Cinven and Warburg Pincus, was reportedly looking at bringing in a foreign CEO to shore up investor confidence in the company’s future.
Undisclosed banking sources cited by Telecompaper have suggested an IPO could come in the months of April, May, September or October of this year.
Ziggo was unable to comment before the press deadline.
