VT names new CEO VALOR Telecom's Board of Directors has recently announced that Kenneth R. Cole will assume the role of CEO in addition to his current title of President. Anne K. Bingaman, VALOR's chairman and CEO, will continue as chairman of the Board. The management changes are effective January 1, 2002. "It has been a tremendous honor and privilege to have served as VALOR's CEO and to remain as chairman of the Board," said Bingaman. More on this story On Recruiter.com Market News
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Quorex Pharmaceuticals announced that Gary J.G. Atkinson has joined the company in the newly formed position of CFO. Atkinson comes to Quorex Pharmaceuticals with more than 20 years financial management experience including more than seven years as vice president, finance, at Isis Pharmaceuticals, a publicly traded pharmaceutical research development company. Most recently, Atkinson served as vice president and chief financial officer of Digirad.
More on this story RN hires Forbes as VPM RightNow Tech announced the appointment of Sean C. Forbes as its new vice president of marketing and business development. Forbes will be responsible for extending RightNow's continuous revenue growth and dominance in the eService marketspace. Forbes comes to RightNow from Trilogy Software, where he held the vice president of business development position. Forbes also led numerous domestic and international leveraged buy-out engagements. More on this story The Industry Headline BT tabs Lucent executive as its new CEOBritish Telecommunications PLC said it had appointed Lucent Technologies vice chairman Ben Verwaayen its new chief executive. Verwaayen, who is Dutch, will replace Sir Peter Bonfield as BT's CEO on Feb. 1.
Bonfield announced in October that he would step down at the end of January - 11 months early - after a five-year tenure marked by frustrated attempts to transform the former state-owned monopoly into a global telecommunications leader.
BT has had difficulty adjusting to an increasingly competitive market. To try to regain its edge, it has reduced debts by selling stakes in overseas mobile networks and has reorganized by spinning off its mobile unit as a separate business.
The company, which employs 113,000 people, has also shed thousands of jobs in its retail business.
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