Spark Ventures CEO Ed Hyde is expected to leave Spark by the end of June in a fresh round of executive changes.
The telecommunications provider announced changes to its future leadership team as the company works towards adopting an Agile way of working.
Other changes effective 1 July include Spark Digital CEO Jolie Hodson shifting to customer director, chief digital officer platforms Claire Barber to product director, and chief operating officer, Connect, Mark Beder to technology director.
“In line with the timings indicated at last month’s interim results announcement we continue to work towards adopting Agile ways of working across Spark, with this announcement supporting our planned ‘at scale’ implementation in Q1 FY19,” Spark managing director Simon Moutter said.
Spark is considering accelerating its business transformation to strengthen its 2019 result, Moutter said. If the programme is accelerated, then 2018 guidance may reduce due to the associated costs of change.
“In an Agile Spark, we will move away from a traditional hierarchical organisational structure based around large business units.
"The Agile model involves self-managing teams, each with clear accountabilities, who collaborate quickly and effectively with one another to deliver great products and services for our customers."
Moutter said it was always Spark's desire that Spark Ventures' "culture of innovation" could be mainstreamed into the wider Spark.
“Unfortunately, with Spark Ventures’ activities being integrated within the core of our new Agile tribe structure, we’ve been unable to date to identify a role that is significant and fulfilling enough for Ed [Hyde], so unless things change he is expected to leave us by the end of June."
Moutter said Hyde was the driving force within Spark Ventures which has invested in in 10 new digital services businesses including Skinny, Lightbox, Qrious and Spark's recent push into IoT.
In the Agile model, business leaders act as catalysts, showing direction and setting up the systems for people to do their jobs effectively.
"It’s no longer about each team member being in charge of a particular business unit or support function, and ‘representing’ that unit at the top table," Moutter said. "Rather it’s about assembling the right mix of skills, talent and experience to collectively make the big calls that will underpin our ongoing success across the company.”
Spark said it intends to provide investors with more information on the new operating mode in due course, including any resulting changes to the structure of Spark’s external reporting.