John Sidgmore isn’t the only one changing positions at WorldCom Inc. (OTC: WCOEQ). Apparently the whole management roster is being shaken up.

The bankrupt company’s CEO of less than five months announced last week that he would be resuming his old position of vice chairman of the company as soon as a replacement for the corner office is found (see WorldCom: See Ya, Sidgmore). Following up on the announcement with an internal memo, obtained by Light Reading, Sidgmore outlined a plan for the “realignment of our organization to provide business unit managers with greater autonomy, and to drive profit and loss responsibility downward in the organization.”

The changes outlined in the memo include: Ron Beaumont becoming President of Global Business Solutions, with 13 executives reporting to him. He will report to Sidgmore. The 13 executives are:

Sidgmore also outlined additional changes to the management structure in the memo:

“I am confident that now is the time to begin the process of putting in place a more permanent management structure, and that these changes will be in the best interest of our company,” Sidgmore said in the note. “…Bert [Roberts, Chairman] and I will still be here, working with you to make WorldCom everything we know it can be.”

— Eugénie Larson, Reporter, Light Reading
www.lightreading.com