UK mobile virtual network operator (MVNO) Virgin Mobile today announced that a number of its top brass, including founder and chief Tom Alexander, will stand down following the completion of the company’s acquisition by NTL in July.
Alexander, who has been at the helm of Virgin Mobile since its launch in 1999, has decided to leave the company of his own accord on July 4. He will be retained in an advisory role as a consultant to Virgin Mobile for the rest of 2006.
Charles Gurassa, non-executive chairman of Virgin Mobile, and the board’s other non-executive directors Gordon McCallum, Caroline Marland, Rupert Gavin, David Maloney and Richard Huntingford will also stand down on the successful completion of the merger.
Alan Gow, currently chief financial officer, will become managing director of Virgin Mobile and fellow executive director and co-founder Joe Steel, the company’s commercial director, will also continue with his position and deputy managing director.
NTL agreed to buy Virgin Mobile in April in a deal worth up to ВЈ985m. The merger will create the UK’s first quadruple play operator, delivering mobile, fixed line, broadband and TV services under the Virgin brand.
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