Wednesday, 2 September 2009

New CFO for Lycamobile Group – Europe

Peter Ward has been appointed the new Chief Finance Officer for Lycamobile. Ward’s career has seen him at O2 UK and then Tesco Mobile UK holding senior financial positions within both operations.

Ward will be responsible for leading the financial management of the Lycamobile brand including spearheading mergers and acquisitions, cost and financial management, corporate governance and leading MVNO contract negotiations.

Milind Kangle, Chief Executive Officer for the Lycamobile Group said: "Peter’s addition to the leadership team will accelerate Lycamobile’s momentum to the global leader in the international calling mobile business. We will continue to make the right investments in people to ensure that Lycamobile continues to benefit from industry best practices and achieve its mission of being a benchmark MVNO business model."

Lycamobile is a pre-pay MVNO targeting ethnic markets within multiple countries across Europe. The company has an aggressive roll out presence when entering new markets and builds up significant vendor relationships in the areas it targets. The company announced its 1 millionth UK subscriber in July.