Tom Alexander quits mobile phone giant
Tuesday 19 July 2011
Tom Alexander, the head of the largest mobile phone group in the UK, shocked the market yesterday as he resigned without warning to spend more time with his family.
Everything Everywhere (EE), created last year though the merger of Orange and T-Mobile UK, announced that board member Olaf Swantee, who had tempted Mr Alexander out of retirement in 2008, was to replace him.
Mr Alexander will step down as chief executive of EE, which had 27.7 million customers in the UK, at the end of August. He will advise the company until the end of the year. While he will be paid for his role, he said there was no severance package. "There is never an easy time to leave a company that you care deeply for," he said. "But, for personal reasons, I feel now is a good moment to step back." He added it was a good time to "rediscover" his family who live in Somerset.
Mr Alexander set up Virgin Mobile and floated it before taking a "career break" in 2006. He joined Orange two years later. Before the merger, Mr Swantee was more senior to Mr Alexander, running Orange's operations across Europe. He is currently France Telecom's executive vice-president.
Both dismissed talk that the parent companies France Telecom and Deutsche Telekom had become frustrated over the financial performance, saying that the forthcoming results would show EE had hit its targets.
Separately, EE deputy chief executive Richard Moat, who was chief executive of T-Mobile before the merger, is understood to be in talks to tap the bond markets this year after the two parent companies called for EE to be self funding by the end of the year.
A spokesman said the company was looking at "all options" over financing.
- 1 Scientists create transparent mouse complete with see-through organs
- 2 Pope Francis issues top 10 tips for happiness
- 3 Disney heiress Abigail disowns her share of family profits in West Bank company
- 4 Israel's propaganda machine is finally starting to misfire
- 5 Amazonian Indian tribe filmed making contact with Brazil village in rare video footage
Land for gas: Merkel and Putin discussed secret deal could end Ukraine crisis
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Boozy, ignorant, intolerant, but very polite – Britain as others see us
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
- < Previous
- Next >
iJobs Money & Business
£300 - £350 per day: Orgtel: Financial Analyst, Forecasting, Halifax, Banking,...
£500 per day: Orgtel: Business Architect - Banking - Bristol - £500 per day A...
£200 - £500 per day + competitive: Orgtel: I am currently working on a large p...
£18000 - £23000 per annum + Commission: SThree: Real Staffing are currently lo...