StarHub – CNA
Terry Clontz to retire as StarHub’s CEO, Neil Montefiore to succeed him
Terry Clontz will retire as StarHub’s CEO in January 2010, and will be succeeded by telecommunications industry veteran Neil Montefiore. However, Mr Clontz will continue as a director with the group, said StarHub in a statement.
Mr Clontz, 58, joined StarHub in January 1999 as its founding president and CEO. He also serves as a director on StarHub’s Board.
Under his leadership, StarHub merged with Singapore Cable Vision (SCV) in 2002; brought it public on the Singapore Exchange in 2004; made StarHub Singapore’s second largest mobile operator in 2005; and grew its revenue base to more than S$2 billion by 2008.
StarHub said Mr Clontz has led StarHub from a fledgling new entrant in Singapore’s telco industry to a fully integrated quadruple-play listed entity this year.
Tan Guong Ching, chairman of StarHub said: “At StarHub, he is known for his innovative ideas, clear vision, and cohesive strategies. Terry has been instrumental in the success of StarHub, as well as in instilling in the company a culture dedicated to strong corporate governance, integrity, and compliance.”
Clontz said: “I have thoroughly enjoyed the opportunity of working with the StarHub team and living in Singapore for more than 10 years. Info-communications is an exciting industry, so I intend to remain somewhat active in the industry; but I look forward to spending more time with my family.”
StarHub said Mr Montefiore, 56, will join StarHub in January 2010, subject to regulatory approval. He brings with him over 33 years of experience in the telecommunication industry.
Mr Montefiore was the CEO and a board director of M1 in Singapore since 1 April 1996. Before that, he was the director of Mobile Services at Hong Kong Telecom CSL Limited, the largest cellular operator in Hong Kong.
On appointing the former M1 CEO, StarHub said it strongly believes that he is the most suitable candidate to lead the company to the next level. The telco said the key criteria in selecting the new CEO included strong leadership and experience with the telco business and regulatory environment in Singapore.
Mr Montefiore left M1 on February 1 this year after 13 years at the helm to pursue personal interests.
Mr Clontz added: “I am leaving StarHub in good hands. Neil and I have known each other on a professional and personal level for ten years. I have enormous respect for Neil and I am confident that I will be turning the helm of StarHub over to a seasoned industry executive who can continue steering the company successfully.”