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eircom CEO to step down.

  • 27-03-2012 2:54pm
    #1
    ninjasurfer1
    Registered Users, Registered Users 2 Posts: 485 ✭✭


    http://www.rte.ie/news/2012/0327/eircom-business.html
    The chief executive officer of telecoms group Eircom is to step down at the end of this year.

    A statement from Eircom said Paul Donovan's decision was for personal reasons.

    The company said the coming months would allow for the recruitment of a successor, a smooth transition and the conclusion of the group's planned restructuring of its balance sheet.

    Eircom is currently in talks with a group of its main lenders on a proposal aimed at restructuring its €3.75 billion of debt.


Comments

  • #2
    bealtine
    Registered Users, Registered Users 2 Posts: 4,051 ✭✭✭bealtine


    http://www.siliconrepublic.com/business/item/26429-eircom-ceo-paul-donovan-to


  • #3
    clohamon
    Registered Users, Registered Users 2 Posts: 1,812 ✭✭✭clohamon


    I wonder where this leaves the Taskforce. Commitments made by someone heading for the exit can't be worth much. Still, not a bad guy. I wrote to him once, asking when our exchange would be enabled. His office phoned back to say June; and June it was.

    Desperate taste in music though….

    6034073


  • #4
    Persiancowboy
    Registered Users, Registered Users 2 Posts: 355 ✭✭Persiancowboy


    Can't see him lasting that long......once you announce a decision like that you become a lame duck....surely a replacement will be in situ before long....question is will they be a telco expert or a nominee of the lenders/bankers sent in to squeeze the last few bob out of the corpse?


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