5/8/2013 12:08:20 PM
Mockridge appointed new Virgin Media CEO
Former News International executive Tom Mockridge will take the helm of Virgin Media, when Liberty Global's forthcoming takeover of the company goes ahead.
The deal is subject to shareholder approval but is expected to go ahead in the fourth quarter of this year. Mockridge will replace outgoing CEO Neil Berkett, who said he was stepping down earlier this year. Mockridge was most recently at Liberty Global rival News International as its chief executive but has also been CEO of News Corp's European television business and CEO of Sky Italia. He will report to Mike Fries, Liberty Global CEO.
Fries said: 'Tom will bring to Virgin Media a breadth of experience in the pay-TV industry, both in the UK and throughout Europe. I have known and worked with Tom for nearly 15 years and have always admired his leadership and operating success in a number of highly competitive media markets. We are fortunate to bring an executive of Tom’s talent and experience in to lead Virgin Media in its next phase of growth. I’d also like to wish Neil Berkett all the best in his future endeavors. He has done an outstanding job at Virgin Media and will be missed by all.'
Mockridge said: 'Thanks to the incredible energy of its employees and the loyalty of its customers, Virgin Media has become the UK’s leading broadband communications company and has developed an immensely powerful media brand. I keenly anticipate joining the team as it continues to deliver the cutting-edge TV and broadband products and services that excite and inspire its customers across the UK. I’m also excited to become part of the Liberty Global family and look forward to working closely with Mike and his team as they continue to build the world’s largest cable platform.'
Author: Graeme Neill