Vocus Group Limited (ASX: VOC) announced the appointment of Kevin Russell as its Group Managing Director & CEO, with a commencement date of 28 May 2018. In addition to Mr. Russell joining the Vocus Board, Mark Callander, CEO of Vocus New Zealand, will also join the Vocus Board on 28 May as an Executive Director.
Mr. Russell is an internationally experienced CEO with more than 20 years in the telecommunications industry in Australia, the UK, USA and Israel. During this time, he has demonstrated his ability to lead change and drive substantial improvement in business performance, notably leading Hutchison Three UK Ltd through a £1 billion turnaround, from a £900 million loss in 2006 to £100 million profit in 2010. His recent roles at Telstra (Group Executive, Retail) and Singtel Optus (Country Chief Officer & CEO, Consumer) give him a deep understanding of the Australian landscape, particularly the NBN, and how it is shaping the local telecommunications industry.
Vocus Chairman Bob Mansfield said, “Kevin is a highly experienced and respected CEO. He has an excellent mix of skills and the demonstrated strategic ability to improve business performance.
“Corporate activity in earlier years has created a platform that makes Vocus competitive with the majors and opens up significant future growth opportunities. The Board is very pleased that Kevin will be leading Vocus through its next stage; building a high-performance team that is focused on developing and executing a strategy to deliver the potential value within the Company.
“The appointment of Mark Callander to the Board recognises the important contribution of the NZ business to the Vocus Group. Mark brings to the Board an extensive understanding of the New Zealand market, together with the lessons learned through the successful integration of prior acquisitions. Under Mark’s leadership, our New Zealand business is delivering the value promised by earlier transactions and has overcome many of the challenges which currently face our Australian business.
“The Board thanks Michael Simmons for his excellent stewardship of the company during his time as Interim Group CEO, as he now returns to his position as Chief Executive – Enterprise & Wholesale,” concluded Mr Mansfield.
Incoming Group Managing Director & CEO, Mr. Russell, said, “The Vocus business has excellent foundations upon which to build. I am very energized to work with a Board that is clearly leading change and renewal from the top. In the rapidly changing Australian telecoms landscape, there is a real opportunity to lead this Company to its fullest potential by challenging existing business models and delivering exceptional value to customers.”
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