Virgin Media has confirmed that David Elstein has stepped down from his position on the company’s board. Elstein joined NTL as an independent director in January 2003 and was retained by Virgin following the consolidation between NTL and Telewest.
“I have very much enjoyed serving on the Board, and am pleased that I have had the opportunity over my five years’ service to participate in the revival of the UK cable industry from the near collapse that it faced at the beginning of this century. I think that Virgin Media now has a good platform from which to build, and wish it all the best for the future,” Elstein said in a prepared statement.
There had been concern that the US hedge-fund manager Bill Huff exerted too much control over the operations of the company and there was a lack of independent voices on the board.
Speaking to the Broadcasting Press Guild, Virgin Media’s acting CEO Neil Berkett said he was satisfied with the make-up of the board of directors and that his executive team was able to carry out their duties.