Former CFO @ USA’s Leap Wireless
Cable & Wireless Communications (CWC) has announced that it has appointed a new Chief Financial Officer (CFO) in the shape of Perley McBride. He has extensive experience of the telecom and technology sectors. Previously, McBride was the CFO of Leap Wireless International, a US-based mobile network operator [MNO].
CWC’s Chief Executive, Phil Bentley, said McBride’s knowledge and experience of both fixed and mobile operations would be “crucial” in delivering on the company’s new strategy to return the business to growth.
Bentley continued, “He has strong relationships with US investors and banks and a track record of improving operating efficiency.”
McBride himself added, “CWC is entering a new phase, with a new operating hub in Miami, a major investment plan and clear strategy to deliver growth.
“It has a strong financial position and excellent opportunities in several emerging and underpenetrated markets. I’m delighted to be joining the business at this time, and look forward to working with Phil and the team.”
When the news was first released [June 9th 2014], the group’s share price dropped 0.38 per cent to 52.55p as of 13:01.