On 31 January 2006 Cable and Wireless plc (Cable & Wireless) announced several changes to its structure and management, including the creation of two self-contained operational units – International and UK – to reflect the differing characteristics of the two and enable improved focus on the international businesses.
Last week, Cable & Wireless plc announced further clarity on these changes relating to its governance structure, including the creation of separate operating boards for the UK business and the International businesses.
Cable & Wireless UK and International will have its own balance sheets and the appropriate capital structure to ensure effective deployment of resources to their operations, states a press release.
Lord Robertson of Port Ellen will step down from the Cable & Wireless plc board and become non-executive Chairman of C&W International, bringing with him a wealth of experience and a deep understanding of international affairs.
Cable & Wireless International will continue to be led by Harris Jones, Group Managing Director and Chief Executive, International businesses.
Harris Jones commented: ‘The changes reflect the importance that Cable & Wireless places on our International Businesses and recognise our long-term commitment to investing in our customers, employees and the communities in which we operate, around the world.’
Cable & Wireless International encompasses all the subsidiary and associate national telecoms companies around the globe. The International businesses are characterised by the small, usually island-based, economies in which C&W operates and has proven capabilities. In the majority of markets it is the leading telecoms provider, offering a complete service including local and international telephony, mobile and internet to residential and business customers.
Cable & Wireless International continues to focus on its ambition to become the pre-eminent telecoms provider in small to medium economies by investing in world-class innovation, technology and people. It is proud to be contributing to the local economies and communities it serves and continues to build its brand and deliver excellence to customers around the world.
Richard Lapthorne will remain as Executive Chairman of Cable & Wireless plc and will oversee the direction of both the UK and International businesses.
Who they are
Cable & Wireless is one of the world’s leading international communications companies. It provides fixed and mobile voice, data, IP (Internet Protocol) and broadband services to business and residential customers, as well as services to other telecoms carriers, mobile operators and providers of content, applications and internet services.
Cable & Wireless’ principal operations are in the United Kingdom, the Caribbean, Panama, Macau and Monaco.
For more information about Cable & Wireless, go to www.cw.com.