Ntl (NASDAQ:NTLI)
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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.