Showing posts with label CEO. Show all posts
Showing posts with label CEO. Show all posts

Thursday, October 1, 2020

Chua Sock Koong steps down as CEO of Singtel

 Ms Chua Sock Koong has decided to retire as Singtel's Group Chief Executive Officer on 1 January 2021. 

The Singtel Board has appointed Mr Yuen Kuan Moon to succeed Chua as the Group’s CEO. Yuen, currently the CEO of Singtel’s Singapore Consumer Business and the Chief Digital Officer, is a Singtel veteran who joined the Group in 1993. He has risen through the ranks of the company, with leadership positions in marketing, business development and sales, and Telkomsel in Indonesia, before his appointment as CEO, Consumer Singapore in 2012. 

Mr Lee Theng Kiat, Chairman of Singtel, said, “On behalf of the Board, I want to acknowledge Sock Koong’s demonstrated leadership and outstanding contributions to Singtel.”

“Sock Koong is one of Singapore’s most successful CEOs and has played a key role in making Singtel the operationally and financially strong company it is today. Joining when it was still a statutory board, she has led the company through its corporatisation, market listing, market deregulation in Singapore and regionalisation. Under her leadership, Singtel added Optus in Australia to its portfolio, building an unrivalled footprint across Asia, with stakes in all the lead telecom players in India, Indonesia, Philippines and Thailand. In 2012, Sock Koong led the Group on its digital transformation, which included the digitalisation of its core telecom business as well as the growth of new digital businesses. This has seen the building out of its global cyber security business which continues to scale. She has also developed a strong enterprise business with a thriving ICT arm in NCS. In recent months, Sock Koong led the team on its 5G investment plans that not only promises 5G coverage for Singapore but repositions Singtel for growth in the converging world of telecoms and tech.”

Ms Chua said, “It has been an immense privilege to be involved in Singtel’s growth and transformation. It has been an amazing 31 years, 13 of those as GCEO.”



Monday, January 28, 2019

Digicel appoints Jean-Yves Charlier as CEO

Digicel appointed Jean-Yves Charlier as its new Group Chief Executive Officer, effective immediately. Charlier previously served as Chief Executive Officer of VEON (formerly Vimpelcom), Chairman and Chief Executive of SFR, France and was also Chief Executive at COLT Telecom.

Charlier’s appointment comes one month after the untimely passing of Digicel Group Chief Executive Officer, Alexander Matuschka von Greiffenclau, 47, who died while on holiday with his family in his native Germany.

Commenting on his appointment, Jean-Yves, said; “I am delighted to be leading a strong set of communication and entertainment operations serving 14 million customers across 31 markets and to be continuing to work closely with the Board and its Chairman, Denis O’Brien. Over the past few years, Digicel has continued to innovate and make significant investments in new internet and media services across the Caribbean, Central America and the Pacific, making an indelible impact, and I am happy to be taking the business forward on these strong foundations.”

In congratulating Jean-Yves on his appointment, Digicel Group Chairman and founder, Denis O’Brien, commented; “Jean-Yves’ exceptional capacity to support continuing growth was reflected in his appointment as Executive Director some months ago, deepening our executive team and facilitating this succession process.”

Tuesday, October 16, 2018

Sierra Wireless names Kent Thexton as CEO and Robin Abrams as Chair

Sierra Wireless appointed Kent Thexton as president & CEO.

Thexton has been serving as interim president & CEO since May 31st, 2018. Previously, Thexton was founding Chief Marketing Officer and board member of O2 plc in the U.K. (now part of Telefonica); the Chief Operating Officer of Rogers Cantel in Canada; and he co-founded a Mobile Virtual Network Operator (MVNO) business in the U.S. Mr. Thexton has spent the past five years in Canada as Managing Partner at OMERS Ventures and Co-founder and General Partner at ScaleUp Ventures.

On accepting his role as President & CEO, Mr. Thexton commented: “I am passionate about Sierra Wireless’s global leadership opportunity and honored to lead the company on a permanent basis. For the past four months, in my interim role, I experienced the strong position Sierra Wireless has in the global market and the major opportunity ahead with its strengthening service and solutions business. With dynamic evolutions in the IoT market, I am certain that a clear, aggressive strategy for the company is critical in directing our resources towards key growth opportunities.”

In addition, Robin Abrams, who has served on the company’s board since 2010, has been appointed by the Board of Directors to be the new Chair replacing Mr. Thexton who joined the board in March 2005 and has served as Chair since February 2016. In her new role, Ms. Abrams brings more than 30 years of experience in the technology industry having held key management positions for some of the world’s most high-profile technology companies, including Apple, VeriFone, and Palm Computing. Ms. Abrams is currently an active director on three other Boards of U.S. based technology companies.

Tuesday, April 10, 2018

Liquid Telecom South Africa names Reshaad Sha as CEO

Liquid Telecom has appointed Reshaad Sha as CEO of Liquid Telecom South Africa, effective June 1, 2018.

Reshaad, a South African national, will oversee the growth of digital services and the rollout of enhanced network services for enterprises and consumers across the country.

Reshaad most recently served as CEO of SqwidNet, an open access Internet of Things (IoT) network operator, and has for the last five years served as Chief Strategy Officer and Executive Director of the open access fibre optic company Dark Fibre Africa. He also has extensive international management experience having worked for a variety of global tech and telecoms companies, including Cisco and LogicaCMG.

Saturday, February 22, 2014

Juniper Announces Restructring Program

Juniper Networks announced a corporate restructuring aimed at "enhancing its operational efficiency, returning capital to shareholders, refocusing on strategic opportunities and reinvigorating its culture."  The plan has the support of Elliot Management, an outside investment firm that has been lobbying for changes at Juniper.

Juniper said it plans to refocus on "innovation that matters most to service providers and enterprises where demand for High-IQ Networks and best-in-class cloud environments are driving growth.

Key points:

  • Juniper will capitalized on its engineering expertise across routing, switching, security, control and network management
  • The focus is on being a leading provider of secure High-IQ Networks and serving the needs of Cloud Builders.
  • Juniper will create a more focused, connected, agile and execution-oriented company structure driven to deliver on its customers' imperatives for High-IQ Networks and cloud environments.
  • The company will streamline its operations and business portfolio.
  • Juniper said is aiming for a substantial structural reduction to the cost base and a significantly increased operating margin profile through highly detailed and executable actions with directed accountability.
  • The Company expects to exit the first quarter of 2015 with annualized operating expense savings of $160 million from the Q4 2013 level and achieve an operating margin of 25% for 2015 -- an approximate 580 basis point improvement from 2013 -- with operating expenses of 39% of revenue.
  • Juniper will return a minimum of $3 billion to shareholders over the next three years through a combination of share repurchases and dividends.
  • As part of this plan, the board of directors has authorized $2 billion in share repurchases to be executed through the end of the first quarter of 2015, including $1.2 billion through an accelerated share repurchase program to be entered into shortly.
  • Juniper will also initiate a quarterly cash dividend of $0.10 per share of common stock beginning in the third quarter of 2014, with the expectation to increase the dividend over time.
  • Kevin Johnson will retire from the Juniper Board at the end of February 2014. 

Juniper also noted that it has support from Elliott Management, which has agreed among various customary terms, to support the company's restructuring and will vote in favor of Juniper's nominees at its 2014 Annual Meeting of Stockholders.

"The cornerstone of our IOP (integrated operating plan) is the belief that our customers, which include some of the world's largest service providers, financial services companies and government agencies, are increasingly building hyper-scale, resilient, secure, highly intelligent, open and virtualized networks," stated Shaygan Kheradpir, chief executive officer of Juniper Networks. "As a pure-play, high-performance networking company with engineering and organic innovation at its core, I believe Juniper is uniquely positioned to help these customers address their rapidly evolving networking needs. Our new, sharpened focus will bring us closer to our customers as we innovate together to address the opportunities ahead, and will enable us to operate much more efficiently as One-Juniper."

http://www.juniper.net

In January, Elliott Management Corp., an investment fund that owns 6.2% of the common stock of Juniper Networks, is pushing for significant changes at Juniper Networks with the goal creating greater shareholder valued.

In an SEC Schedule 13D and presentation, Elliot called for a number of value-accretive steps, including cost realignment, capital return to shareholders, and the optimization of Juniper’s product portfolio. Elliot believes its initiatives can collectively result in a stock price of $35-$40 per share, which is up to 70% above the current price.

Key points include:

  • Cost Realignment: $200M run-rate reduction in operating expenses from 2013 level.  
  • Capital Return: $3.5B share repurchase program comprised of an immediate $2.5B stock repurchase, a $1.0B repurchase in 2015 and an ongoing commitment to return 50% of free cash flow (including a $0.125/share quarterly dividend) 
  • Product Portfolio Optimization: Review of the security and switching businesses to streamline Juniper’s product portfolio to focus on projects and areas where Juniper has clear competencies and the greatest risk-adjusted return on investment.
In January 2014, Juniper Networks' new CEO, Shaygan Kheradpir, joined the company.  Kheradpir succeeds Kevin Johnson, who in July announced his plan to retire as CEO. Johnson will remain as a member of the board.

Kheradpir joins Juniper Networks from Barclays PLC, where he served as the chief operations and technology officer, and as a member of its executive committee. Prior to joining Barclays, he was executive vice president and chief information and technology officer at Verizon Communications. He holds a bachelor's, master's, and Ph.D. in electrical engineering from Cornell University.