Quad-play operator Virgin Media has reportedly called in headhunter Spencer Stuart to look for a new CEO. The Financial Times said the appointment of the US executive search firm came amid uncertainty over whether an industry player would want to take up the role while US private equity groups consider bids for the firm.
Last week Virgin Media's acting chief executive, Neil Berkett, used an interview in the Financial Times to state his case for taking on the role permanently. Berkett, Virgin Media's chief operating officer, was named acting CEO following last month's announcement that Steve Burch was standing down after just 18 months in the job.
"My focus is to accelerate delivery even more," said Berkett. "We're at an inflection point where we've rebranded and weathered the storm of Sky."
The Financial Times speculated that the choice of Spencer Stuart suggested Virgin Media might again look for a US cable veteran. Burch was a former executive at US cable operator Comcast.
Lovelace Consulting | 04.09.2007