Thursday 1st April 2010
|Text too small?|
CityLink today announced the departure of the company's founding CEO Neil de Wit, effective from 30 April.
Neil is leaving as a result of a restructuring which will see the company's Chairman, David Ware assume responsibility for the company's strategic initiatives. Day to day management of the company will continue to be performed by CityLink's Chief Operating Officer Brian Phillips.
CityLink's Chairman David Ware paid tribute to Neil's contribution to the company: "Neil is one of that elite group of technology business entrepreneurs who were there at the start of the Internet revolution. At CityLink he took a bunch of radical new technologies, some enthusiastic engineers and molded them into one of the world's very first ultra-fast fibre broadband companies. The template he built at CityLink has been duplicated not only across New Zealand but throughout the world."
Under Neil's guidance, CityLink's achievements have included introducing dark fibre into the marketplace, PublicLAN, the world's first Metropolitan Ethernet service, CafeNet, the highly successful public Wifi service and the deployment of the domestic Internet Exchanges, which allows ISP's to exchange IP traffic without recourse to the traditional Telco's.
Neil's lasting legacy is the enduring sustainable business model that positioned CityLink as the price and performance leader in the highly competitive business market. From CityLink's very first days when the company was offering services at a fraction of the market price CityLink has always lead the market with technology and standards which other telecommunications companies now follow.
"While I regret the Board's decision to restructure the Company, I respect their decision," said Neil.
"CityLink is a great company, with fantastic staff and I wish all the people of CityLink much success in the future."
No comments yet
Telecom will offer CEO and senior managers performance equity grants to boost profits
Former Fonterra executive Alison Andrew appointed to head Transpower
MRP director Miller, CFO Meek go trawling for cheap shares
Rob Fyfe to leave Trilogy board, seeks new senior role in NZ
David Ross appears at District Court hearing, remanded until Aug.29
Crown drops charge against ex-SCF finance chief Graeme Brown
Postie Plus appoints No 1 Shoes executive Binns as new CEO
Pumpkin Patch CEO Neil Cowie resigns to take job with rival retailer
George Alexander Louis
Time to Move Before You Get Caught in the Meridian Watershed