With the breaking news early December 14 that STB manufacturer Pace was replacing its CEO, another sector player has also announced a change at the top. OTT STB specialist Amino Technologies has confirmed that Andrew Burke, Chief Executive Officer of Amino, will be leaving the Company with immediate effect to pursue other opportunities and that Donald (Don) McGarva, who is currently Chief Operating Officer, will become CEO of the Company.
As reflected in the trading update issued on 6 December 2011, the Company expects to report profits for the year ended 30 November 2011 that are marginally ahead of market expectation with a strong cash position of £14.1 million.
The Amino corporate strategy remains unchanged. The Company will continue to focus aggressively on opportunities in the emerging OTT market, on targeting new customers and on continuing to develop its core IPTV business.
Keith Todd CBE, Non-Executive Chairman said the thanked Burke for his success over the past three and a half years, both in developing the Company’s existing IPTV business and in establishing a leadership presence for Amino in the new OTT market. “We are pleased that Don, who joined Amino one year ago as COO, has agreed to lead the business through the next phase of profitable growth,” he added.
Burke joined Amino as a non-executive director in June 2007 and was appointed CEO in June 2008. Previously, he was CEO BT Entertainment where he devised and ran the company’s IPTV initiative (BT Vision), chaired their premium rate services activity, pioneered their Digital Media Services and led BT’s relationships with the media world.
Prior to that, he was Director Online Services and was responsible for all value-added services developed to complement Broadband in the UK – including VoIP, security and payment services. Before joining BT, Burke was founder and CEO of eVerger, an eMarketing focused venture fund created in April 2000 by Aegis Group, a leading communications and marketing consultancy, and Warburg Pincus, the global private equity partnership, which together committed $100m to the venture.
Before that, he was COO of eVentures, the Internet incubator owned by News Corporation and Softbank. He was the founder and CEO of LineOne, the Internet service provider later known as Tiscali UK, and established News International’s initial Internet presence back in 1994.