The CEO of Cable & Wireless Communications (CWC) subsidiary Bahamas Telecommunications Company (BTC) will leave the company at the end of August.
CWC veteran Geoff Houston is stepping down from the position after three years in the post, having taken…
The CEO of Cable & Wireless Communications (CWC) subsidiary Bahamas Telecommunications Company (BTC) will leave the company at the end of August.
CWC veteran Geoff Houston is stepping down from the position after three years in the post, having taken the role when CWC acquired 51% of BTC in 2011. Houston is leaving the London-listed group after 22 years.
Houston has previously worked for CWC in Hong Kong, South Africa, the Channel Islands, the Seychelles, Jamaica and Panama.
His successor at BTC will be Leon Williams, who was formerly CEO of the Bahamian incumbent and is currently a director at the telco. Williams has acted as a special adviser to CWC’s CEO Phil Bentley since March and will take the reins from Houston at the end of the month. Houston will stay on through August to ensure a smooth transition.
Williams has been appointed on a 12-month contract and in an interim role. BTC’s board is working on a longer-term succession plan.
In January CWC donated 2% of its 51% economic interest in Bahamas’ BTC to a local charitable foundation. The move followed negotiations with the country’s Prime Minister, Perry Christie, who had pledged to bring the incumbent back in the country’s hands after the previous administration privatised BTC in 2011.
The 2% share transferred to the charity will not carry any voting rights and CWC will still hold the most voting shares and retain management control of the telco.
