NTL Announces Appointment of Virgin's Gordon McCallum to Its Board of Directors
September 11 2006 - 1:05PM
Business Wire
NTL Incorporated today announces the appointment of Gordon McCallum
to its Board of Directors. The appointment of Mr. McCallum, who is
currently Chief Executive Officer of Virgin Management Ltd., is
effective immediately. Gordon joined Virgin Management in 1998. He
is a member of the Group's Investment Advisory Committee, and works
on all aspects of Virgin Group's strategy. In particular, he
spear-headed Virgin's push into wireless communications, resulting
in the IPO of Virgin Mobile (UK) in 2004. NTL recently acquired
Virgin Mobile in the U.K. Steve Burch, NTL's Chief Executive
Officer, said: "We are delighted that Gordon McCallum has joined
the NTL Board. Gordon brings with him a wealth of experience and
expertise, and his appointment is another encouraging step towards
the full integration of ntl:Telewest and Virgin Mobile. Gordon
McCallum said: "I am pleased to have joined the NTL Board. It is an
exciting time for all of us and I am looking forward to playing a
full part in ensuring the future success of the newly merged
company." In light of Mr. McCallum's association with Virgin, his
appointment will cause the Company temporarily to become
noncompliant with a listing rule of the Nasdaq Global Select
Market, on which the Company's shares are listed. The rule requires
the Company's Board to be comprised of a majority of independent
directors. The Company intends to resume compliance with this
requirement by the deadline set by Nasdaq, which the Company
anticipates will be December 2006, either by appointment of an
additional independent director or by securing the resignation of
an existing director. Notes to Editors - about ntl:Telewest On 3
March 2006 NTL Incorporated completed a merger with Telewest
Global, Inc., creating the UK's largest provider of residential
broadband and the UK's leading provider of triple play services.
The company recently completed its acquisition of Virgin Mobile.
NTL offers a wide range of communications and entertainment
services to more than 5 million residential customers. ntl:Telewest
networks can service more than 12 million homes - 50% of UK
households.
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