Altice reorganises management structure
June 21, 2016
Multinational cable, fibre, telecommunications, contents and media company Altice is reorganising its group management structure ahead of the closing of the acquisition of Cablevision by Altice USA. The new group management structure reflects the global presence of Altice N.V. centred around Europe and the US and ensures critical senior leadership, entrepreneurial spirit and best-in-class management in both regions. The new structure enables the Group to continue its dynamic development while increasing effective collaboration and leveraging the benefits of a global group.
Dexter Goei is appointed with immediate effect as Chairman and Chief Executive Officer of Altice USA. He has stepped down as Chief Executive Officer of Altice N.V. in order to focus his leadership on the successful integration of Cablevision and Suddenlink within Altice and the further development of Altice USA as the dynamic growth platform in the Group. Goei will also replace Patrick Drahi as President of Altice N.V. and continue to lead Altice N.V.’s global M&A related activities.
Michel Combes is appointed with immediate effect as Chief Executive Officer of Altice N.V. He will continue his day-to-day responsibilities for the Altice Group and have all operating affiliates, country CEOs and corporate functions report to him. combes will lead Altice’s executive committee. In his new role, Combes will continue to provide the critical leadership he has given since joining as Chief Operating Officer with a particular focus on operational excellence, service innovation and group collaboration. Combes will also join the board of Altice N.V. as Director.
Drahi will step down from his position as President of Altice N.V. As founder and controlling shareholder of Altice, he will continue to set out the strategic, operational and technological agenda for the group. To this effect, Drahi will lead the newly formed Altice Group Advisory Council.
“I am extremely excited about our US business which is accounting for approximately 40 per cent of our group and offers huge development opportunities,” noted Drahi. “Dexter exemplifies the entrepreneurial and commercial spirit of Altice and will provide the same vital leadership to our US business he displayed when building the Altice Group in the last eight years with me. Since joining us last year, Michel has been instrumental in structuring and harmonising our operations and strengthening our management teams across the board. I am very pleased to work with him in his new role as the Altice Group embarks on its next phase of development. I look with full confidence into the future: the Altice Group has never been in a stronger position,” he declared.