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Thomas Mockridge (born July 1955 [2] in New Zealand) is the chairman and chief executive officer of Virgin Fibra. Prior to founding the italian-based broadband operator, he has been CEO of Virgin Media until June 2019, CEO of News International until December 2012, and the foundation CEO of Sky Italia until July 2011.
The parent company of cable broadband ISP Virgin Media, Liberty Global, has announced that after a six year reign the company’s UK CEO, Tom Mockridge, is to be replaced by its current Chief Operating Officer, Lutz Schüler, who only took up the position of COO in September last year.
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By Steve McCaskill
published 24 April 2019
Will be replaced by COO Lutz Schuler
(Image credit: Tom Mockridge) (Image credit: Virgin Media)
Virgin Media CEO Tom Mockridge will step down as CEO on June 11 and will be replaced by Lutz Schuler.
“I want to thank Tom for his tireless commitment to transforming Virgin Media since we acquired the business in 2013,” said Mike Fries, Liberty Global CEO. “Under Tom’s leadership, operating cash flow increased 35% and Virgin Media is now recognized as the leader in ultrafast broadband, the best entertainment and superior quality of service.
“While he will be spending more time in Italy, I’m sure he will remain close to the action in our industry for a long time to come.”
“It has been a privilege to lead Virgin Media over the past six years,” said Mockridge.
The succession plan appears to have been in place for some time, with Schuler joining Virgin Media as chief operating officer in September 2018. Previously, Schuler had spent eight years running Liberty Global’s cable interests in Germany.
Schuler’s priority will be to oversee the completion of Project Lightning as well as the possible transformation into a wholesale communications provider. It had been reported that Liberty was considering a move into wholesale but there are no concrete plans to do so.
“I am thrilled to be leading Virgin Media,” said Schuler. “After seven months working in our operations, I am more excited than ever about our continued growth potential with the customers and communities we serve in the UK and Ireland.”
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