Vodafone has announced a new leadership team for recently acquired UK-based telco Cable & Wireless Worldwide (CWW).
Nick Jeffery has joined CWW as CEO with immediate effect. He was previously CEO of Vodafone Global Enterprise which he had headed since…
Vodafone has announced a new leadership team for recently acquired UK-based telco Cable & Wireless Worldwide (CWW).
Nick Jeffery has joined CWW as CEO with immediate effect. He was previously CEO of Vodafone Global Enterprise which he had headed since 2006. Jeffery will also join the leadership teams at both Vodafone Group’s Northern & Central Europe region, which will be led by Phillip Humm as of 1 October, and Vodafone UK.
Jan Geldmacher succeeds Jeffery, previously enterprise business unit director of Vodafone Germany.
“Nick is an excellent leader with a deep understanding of enterprise customers’ needs, a track record in value creation and familiarity with CWW’s business,” said Vodafone Group CEO Vittorio Colao.
“Similarly, with his strong background in multinational client leadership, Jan will be well-placed to succeed Nick as CEO of Vodafone Global Enterprise,” said Colao.
Diego Galli has been appointed CWW’s finance director, leaving his position as CFO of Vodafone Turkey.
Vodafone Group’s network services unit director John Thompson becomes CWW’s technology director.
CWW’s current CEO Gavin Darby will stay until the end of October and work with Jeffery to ensure a smooth transition.
Likewise CWW’s outgoing CFO, Ian Gibson, and CTO, Dave Broady, will stay until the end of October to help with the integration.
Jeffery and Vodafone UK CEO Guy Laurence will oversee the integration of commercial and back-office operations. Vodafone Group CTO Steve Pusey will manage the integration of CWW’s network and technology assets.
CWW delisted
In a separate statement Vodafone also said that CWW is delisted from the London Stock Exchange (LSE) as of today.
CWW has instructed Deutsche Bank Trust Company Americas, the depository for its American depositary receipt (ADR) programme, to terminate the ADR programme in accordance with the terms and conditions of the deposit agreement.
Vodafone announced plans to buy CWW for £1.04bn (US$1.67bn) on 23 April and announced the scheme of arrangement.
CWW shareholders approved the takeover in June. The deal cleared the last regulatory hurdle, gaining European Commission approval, at the beginning of July.
On 26 July the court sanctioned the scheme arrangement.
Vodafone was advised by UBS.
Barclays and Rothschild advised CWW.
