Cable & Wireless has announced the appointment of a new chief executive in the form of Graham Wallace,50, with immediate effect. He succeeds Dick Brown, who left the group in January (see Newsline). Rod Olsen took the helm in the interim between the departure of Brown and the appointment of a new CEO.
Wallace oversaw the completion of the four-way merger which formed Cable & Wireless Communications in 1996 (see Newsline). He will remain as non-executive director of Cable & Wireless Communications.
Sir Ralph Robbins, chairman of Cable & Wireless commented: “Having measured our internal candidates against the best available elsewhere in the world, I am delighted to say Graham was the clear leader. In addition to the skills he has demonstrated as chief executive of Cable & Wireless Communications, he is familiar with the Company’s global operations, its people and its strategy. He will, I am sure, lose no time in driving the company forward on the course the Board has set and confirmed.”
Cable & Wireless: 0171 315 4495
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