Calally appoints Riordan as chairman
TotaTtele writes…Smart Telecom said Wednesday that it has been advised by Calally, the investment company that is acquiring 100% of the assets and liabilities of Smart Telecom, that John Riordan will be appointed chairman, chief executive officer and president of Calally, effective from Feb. 3, 2007.
Riordan is a former chief executive officer of UPC, and former chairman and president of the management board of the Netherlands-based cable and internet group.
The company added that the acquisition of Smart Telecom by Calally is proceeding and is expected to complete in the first quarter of 2007. An application will then be made to delist Smart Telecom from the AIM market in London.
Smart Telecom’s acting chief executive Ciaran Casey is leaving the company to pursue to other business opportunities. Smart Telecom director Brian Timmons has also stated his intention to leave the company once the acquisition by Calally has been completed.
