The board of directors of Telenet has announced that the company accepted the resignation of its CEO, Duco Sickinghe.
Sickinghe will step down from his current executive duties at March 31, 2013 and as director at the occasion of the general shareholders’ meeting on April 24, 2013.
John Porter has been appointed as new CEO. Porter was until the sale to Foxtel, the CEO of Austar United Communication, a provider of subscription television and related products in Australia.
In a statement. Sickinghe commented on his decision as follows: “I love my job and enjoy working at Telenet. I am extremely proud of what we have been able to achieve over the years for our customers, building on the fantastic cable network in Flanders and part of Brussels. Telenet has become a superb organisation with intensely motivated, talented and ambitious colleagues.
“As a result of our countless collective efforts, our work has been recognised by our customers, the financial markets and the cable industry.
“In light of recent events, time has come for me to move on. I believe this to be in the best interest of Telenet and its future. This decision comes at the moment when Telenet is well prepared for further solid growth in the coming years.”
Until the sale of Austar United Communication to Foxtel in May 2012, Liberty Global was a major shareholder of the company. Liberty Global is also majority shareholder in Telenet.
