CEO Bob Taylor has parted company with WestStar in the midst of its expansion into high-speed Internet services.
Mr. Taylor will continue to be a shareholder and member of the board of directors of the television company. Reasons for his departure as CEO remain unclear, with WestStar declining to comment.
Mr. Taylor had been in the job for a little over 18 months, taking the helm in September 2012 when a group of global investors took over the company, dropping “TV” from its name and announcing plans to expand into multimedia.
At the time, Mr. Taylor said the aim was to “bring the islands world-class telecommunications services rivaling any other major jurisdiction.”
WestStar has been attempting to make substantial infrastructure upgrades, including a “fiber to home” project which involves laying miles of new cable to facilitate a range of services including whole home DVR, video-on-demand, and Internet speeds more than 10 times faster than what was previously available.
The company has faced increasing competition from rivals LIME and Logic, which are also offering high-speed Internet and Internet television services.
WestStar announced Mr. Taylor’s departure as CEO through its own television channel, Cayman 27, which itself is said to be under threat amid a review of regulations that require TV companies to carry some local coverage.
In response to questions from the Caymanian Compass, Jeremy Elmas, chief operation officer at WestStar, said, “It is WestStar‘s policy not to comment on internal matters. Mr. Taylor remains a shareholder and a valuable member of WestStar’s board of directors. We look forward to his continued involvement in WestStar’s success.”