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Virgin Media announces appointment of Neil Berkett as chief executive officer and other senior management changes
March 7, 2008
LONDON -- Virgin Media (NasdaqGS:VMED - News) is pleased to announce the appointment of Neil Berkett to the role of Chief Executive Officer with immediate effect. Neil has been Acting Chief Executive Officer of the company since the resignation of Steve Burch in August 2007. Neil will also be joining the Board of Directors of Virgin Media.
Neil joined the company in September 2005 as Chief Operating Officer of NTL, prior to the merger with Telewest. With over 25 years' management experience in customer-facing organisations, he has a strong track record of managing change and driving operational improvements in competitive industries.
Virgin Media has also today announced the upcoming resignation of its Chief Financial Officer, Jacques Kerrest. Jacques, who joined NTL in 2004, will leave the company in early April. An executive search for a permanent CFO is underway and an announcement about Jacques' successor will be made in due course.
Commenting on these changes, Jim Mooney, Chairman of Virgin Media, said: "Neil has a long and successful track record of managing and developing consumer-facing businesses and the Board is delighted that he has accepted the role of Chief Executive Officer. As COO, he was the driving force behind the successful integration of NTL and Telewest. Since taking on the role of Acting CEO six months ago, he's demonstrated that he has both the strategic vision and operational experience to take the company into its next phase of growth.
"On behalf of the Board, I would like to thank Jacques Kerrest for his outstanding contribution to Virgin Media. Jacques played a critical role during our company's transition over the last several years and towards enhancing our profile in the financial community. Among other things, he oversaw the complex financing of the merger with Telewest, the acquisition of Virgin Mobile and the successful refinancing of Virgin Media. He also led the integration of the finance department and oversaw the company's SEC and SOX compliance. We very much appreciate his willingness to remain with the Company beyond his initial contract term and we wish him every success for the future."
Virgin Media Inc. (Nasdaq: VMED)
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