Irish incumbent Eircom has announced the appointment of Mark Wilson as interim CFO with immediate effect, following the shock resignation of Peter Cross last month.
The reasons for Cross’ departure were not disclosed, but some reports highlight a…
Irish incumbent Eircom has announced the appointment of Mark Wilson as interim CFO with immediate effect, following the shock resignation of Peter Cross last month.
The reasons for Cross’ departure were not disclosed, but some reports highlight a strained relationship between him and CEO Paul Donovan.
According to Eircom, Wilson has more than 30 years of professional experience, holding senior financial roles at utility Severn Trent and International Leisure Group.
“Mark brings a wealth of experience gained over many years in senior financial roles,” said Donovan.
“He is used to operating in challenging environments where knowledge of large scale capital intensive regulated businesses and the management of the balance sheet are both critical for success.”
Gleacher Shacklock and JPMorgan are continuing to advise Eircom on a range of debt options to prevent the fixed and mobile operator from breaching financial covenants within the coming 12 months. These options include a restructuring, debt swap or rights issue.
