Menu
Vocus leadership reshuffle continues following CEO exit

Vocus leadership reshuffle continues following CEO exit

Robert Mansfield replaces Vaughan Bowen as chairman

Credit: Vocus

Ten days after announcing group CEO, Geoff Horth, was leaving the company, Vocus (ASX:VOC) has appointed Bob Mansfield as chairman as Vaughan Bowen departs.

The Vocus board told shareholders today that Bowen had proposed the appointment of an independent, non-executive chairman to better serve the interests of the company in the renewal of the board and appointment of new CEO.

According to the announcement of 6 March, Bowen saw this as the appropriate moment to resign from the board.

Mansfield has been with the Vocus board for one year as a non-executive director. In October, he was appointed deputy chairman and lead independent director replacing Craig Farrow.

At the time, Vocus had just made Bowen had just been appointed non-executive chairman.

Mansfield had previously been a chairman with Telstra for four years and the founding CEO of Optus, according to Vocus. His board experience also includes public companies, private companies, and philanthropic organisations.

In a further round of changes, Craig Farrow has resigned from the board following his previously flagged intentions to not stand for re-election.

“Vaughan has been a remarkable figure within our company and the sector more broadly, initially as founding CEO of M2 Group, then as executive director at both M2 and Vocus and, most recently, as Vocus chairman," Mansfield told shareholders.

"Vaughan has been instrumental in the majority of the transactions pivotal to making Vocus into the large scale, profitable, diversified telecommunications company we are today.

"Vaughan has stood strong throughout the turbulent last couple of years, prepared to take on whatever task or role was asked of him, in the interest of the company, it’s team and shareholders."

According to Mansfield, Bowen's decision to step down in the "interest of maximising" the company's opportunity is a "testament" of his commitment.

"Craig leaves with the sincere appreciation of the Board, for his committed service to Vocus during an extraordinarily challenging period,” Mansfield said.

Vocus Group downgraded its full-year earnings forecast by between $5-$10 million, citing headwinds faced by its consumer division.

The telco told shareholders on 20 February that the revised earnings guidance, now being placed at $365-380 million (previously $370 - $390 million), primarily stems from its Australian Consumer division facing headwinds in the second half of the 2018 financial year due to “over hedging” of its energy portfolio and a change in its go to market strategy.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags vaughan bowenVocusBoardBob Mansfield

Brand Post

What to expect from your IT Distributor

Whether you’re just starting out or you’ve been around since before the dot com rollercoaster, choosing the right distribution partner can be a pivotal factor in your success. This definitive guide outlines the traits that every IT partner needs to look for in their IT Distributor.

Featured

Slideshows

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners

This year’s Reseller News 30 Under 30 Tech Awards were held as an integral part of the first entirely virtual Emerging Leaders​ forum, an annual event dedicated to identifying, educating and showcasing the New Zealand technology market’s rising stars. The 30 Under 30 Tech Awards 2020 recognised the outstanding achievements and business excellence of 30 talented individuals​, across both young leaders and those just starting out. In this slideshow, Reseller News honours this year's winners and captures their thoughts about how their ideas of leadership have changed over time.​

Meet the Reseller News 30 Under 30 Tech Awards 2020 winners
Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security

This exclusive Reseller News Exchange event in Auckland explored the challenges facing the partner community on the cloud security frontier, as well as market trends, customer priorities and how the channel can capitalise on the opportunities available. In association with Arrow, Bitdefender, Exclusive Networks, Fortinet and Palo Alto Networks. Photos by Gino Demeer.

Reseller News Exchange Auckland: Beyond the myths — how partners can master cloud security
Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomes industry figures at 2020 Hall of Fame lunch

Reseller News welcomed 2019 inductees - Leanne Buer, Ross Jenkins and Terry Dunn - to the fourth running of the Reseller News Hall of Fame lunch, held at the French Cafe in Auckland. The inductees discussed the changing face of the IT channel ecosystem in New Zealand and what it means to be a Reseller News Hall of Fame inductee. Photos by Gino Demeer.

Reseller News welcomes industry figures at 2020 Hall of Fame lunch
Show Comments