The board of Asian undersea cable operator Pacnet has decided to appoint Brett Lay as interim CEO, replacing William Barney with immediate effect, the company said.
No reason was given for Barney’s departure and a spokesman declined to comment on…
The board of Asian undersea cable operator Pacnet has decided to appoint Brett Lay as interim CEO, replacing William Barney with immediate effect, the company said.
No reason was given for Barney’s departure and a spokesman declined to comment on the matter.
Lay, who is Pacnet CFO, will serve as CEO until a permanent solution has been found.
Pacnet is currently being targeted by incumbent Telkom Indonesia for a potential acquisition. A deal could value the cableco at as much as US$1bn, including debt, reports suggested.
