Feeds

NTL's Knapp keeps his job

'Right man to lead company' apparently

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Barclay Knapp has pulled off a shock surprise and retained his place at the head of UK cableco NTL.

Weekend press reports named Philip Jansen, a former executive at Telewest, as being lined up to replace Knapp following speculation that NTL's CEO would be forced out as part of a deal to rescue the cableco, which filed for Chapter 11 bankruptcy protection in May, with debts of $10.6 billion (£6 billion).

But in a statement this afternoon, NTL confirmed that Knapp and his team would head the restructured company once it emerged from Chapter 11.

In a statement Brad Eric Scheler, of NTL's creditors' committee said: "During this process we have been working closely with Barclay Knapp and know him well.

"His determination to ensure that NTL continues to prosper and grow is evident in everything he does and we are confident that he is the right man to lead the
company going forward.

"NTL's management team has performed admirably throughout this difficult process, and we believe they will deliver great things for NTL's future." ®

Related Story

NTL pushes ahead with debt swap

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple ran off to IBM
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.