Tom Mockridge to become CEO of Virgin Media
08 Mai 2013 - 8:05AM
Business Wire
Liberty Global, Inc. (“Liberty Global,” or the “Company”)
(NASDAQ: LBTYA, LBTYB and LBTYK) is pleased to announce that it has
selected Tom Mockridge to become CEO of Virgin Media Inc. (“Virgin
Media”) (NASDAQ: VMED; LSE: VMED) upon the closing of its proposed
acquisition of Virgin Media, which is subject to stockholder
approval of both companies. The U.S. Securities and Exchange
Commission has approved the definitive Joint Proxy Statement/
Prospectus, and stockholders of both companies are scheduled to
vote on the transaction in early June, with closing soon
thereafter.
Mr. Mockridge has served in several senior management roles over
the course of more than two decades with News Corporation,
including Chief Executive of European Television operations, Chief
Executive of Sky Italia, and most recently Chief Executive of News
International. Mr. Mockridge will succeed Neil Berkett, who will
continue in his role as CEO of Virgin Media until closing of the
transaction, having previously announced his intention to retire
from Virgin Media upon closing.
Mike Fries, President and CEO of Liberty Global, 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.”
Tom 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.”
As CEO of Virgin Media after the closing, Mr. Mockridge will
report to Mike Fries, as well as to a newly formed operating
committee comprised of Mr. Fries, Diederik Karsten, Executive Vice
President, European Broadband Operations, and Balan Nair, Executive
Vice President and Chief Technology Officer.
About Tom Mockridge
Tom served as the Chief Executive Officer of News International
Limited at News Corporation from July 2011 to December 2012.
Previously he was the Chief Executive of European Television at
News Corporation from 2008, responsible for its television
operations in Europe and outside the UK. He served as the Chief
Executive of Sky Italia at News Corporation from 2003 to 2011.
Prior to Sky Italia, he served as the Chief Executive of the
publicly-listed New Zealand company, Independent Newspapers. Other
historical positions include Chairman of Sky New Zealand and Chief
Executive Officer of Foxtel (News Corporation's Australian pay-TV
joint venture). He served as Deputy Chairman of the Supervisory
Board at Sky Deutschland AG between 2009 and 2010. Mr. Mockridge
served as Non-Executive Director of British Sky Broadcasting Group
plc from February 2009 and served as its Deputy Chairman between
April 2012 and January 2013.
Additional Information and Where to Find It
Nothing in this communication shall constitute a solicitation to
buy or subscribe for or an offer to sell any securities of Liberty
Global, Inc., Virgin Media Inc. or Liberty Global Corporation
Limited (New Liberty Global). In connection with the proposed
acquisition of Virgin Media by Liberty Global, New Liberty Global
has filed with the Securities and Exchange Commission (“SEC”) a
Registration Statement on Form S-4 (File No. 333-187100) (the
“Registration Statement”), which contains a definitive joint proxy
statement of Liberty Global and Virgin Media and also constitutes a
prospectus of New Liberty Global. STOCKHOLDERS OF LIBERTY GLOBAL
AND VIRGIN MEDIA ARE URGED TO READ THE REGISTRATION STATEMENT AND
JOINT PROXY STATEMENT/PROSPECTUS (INCLUDING ANY AMENDMENTS OR
SUPPLEMENTS THERETO) REGARDING THE MERGERS, BECAUSE THEY CONTAIN
IMPORTANT INFORMATION. Stockholders may obtain a free copy of the
Registration Statement and joint proxy statement/prospectus, as
well as other filings containing information about Liberty Global,
Virgin Media and New Liberty Global, without charge, at the SEC’s
Internet site (http://www.sec.gov). Copies of the Registration
Statement and joint proxy statement/prospectus and the filings with
the SEC that will be incorporated by reference therein can also be
obtained, without charge, by directing a request to Liberty Global,
Inc., 12300 Liberty Boulevard, Englewood, Colorado, 80112, USA,
Attention: Investor Relations, Telephone: +1 303 220 6600, or to
Virgin Media Limited, Communications House, Bartley Wood Business
Park, Bartley Way, Hook, RG27 9UP, United Kingdom, Attn: Investor
Relations Department, Telephone +44 (0) 1256 753037.
The respective directors and executive officers of Liberty
Global and Virgin Media and other persons may be deemed to be
participants in the solicitation of proxies in respect of the
proposed transaction. Information regarding Liberty Global’s
directors and executive officers is available in the Annual Report
on Form 10-K/A filed with the SEC by Liberty Global on April 25,
2013, and information regarding Virgin Media’s directors and
executive officers is available in its Annual Report on Form 10-K/A
filed with the SEC by Virgin Media on April 24, 2013. Other
information regarding the participants in the proxy solicitation
and a description of their direct and indirect interests, by
security holdings or otherwise, will be contained in the joint
proxy statement/prospectus and other relevant materials to be filed
with the SEC when they become available. These documents can be
obtained free of charge from the sources indicated above.
About Liberty Global
Liberty Global is the leading international cable company, with
operations in 13 countries. We connect people to the digital world
and enable them to discover and experience its endless
possibilities. Our market-leading triple-play services are provided
through next-generation networks and innovative technology
platforms that connect 20 million customers subscribing to 35
million television, broadband internet and telephony services as of
March 31, 2013.
Liberty Global’s consumer brands include UPC, Unitymedia,
KabelBW, Telenet and VTR. Our operations also include Chellomedia,
our content division, Liberty Global Business Services, our
commercial division and Liberty Global Ventures, our investment
fund.
For more information, please visit www.lgi.com.
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