Telenet Group Holding has announced that Renaat Berckmoes, CFO, is leaving the company after almost twelve years.
Following the departure of CEO Duco Sickinghe, Berckmoes is the second of the top people at Telenet to leave the company. Earlier, Jan Vorstermans, COO of Telenet, decided to resign.
He will remain in his position until the end of September 2013 to assist with the transition. Berckmoes began his career in the Telenet Group in 2001 as Group Treasurer and was appointed CFO at the end of 2006. Berckmoes managed the successive financing operations since 2001 and the IPO in 2005.
Among the key acquisitions, that Berckmoes oversaw, were the acquisition of the cable assets of the mixed intermunicipalities, Canal+ Flanders, Codenet, UPC Belgium, the acquisition of the analogue and digital television customer base of certain pure intermunicipalities (Interkabel) and long-term leasing rights on their cable network.
The most significant financings he was involved in, were the Company’s public bond issues in 2003, the initial public offering in 2005 and various refinancing of the Company’s Senior Credit Facility, including the public bond issues in 2010 and 2011.
Renaat Berckmoes leaves the company on his own initiative.
