Cable & Wireless appointed Richard Lapthorne as its non-executive Chairman, replacing Sir Ralph Robins, who is retiring. Lapthorne currently serves as Chairman of Amersham plc, Morse PLC, Avecia plc, Tunstall Holdings Ltd and TI Automotive.
http://www.cw.com/template_05.jsp?ID=mc_579jan1003
- In November, Cable & Wireless announced a major restructuring under which it would withdraw from domestic business markets in the US and in Continental Europe except for operations serving multinational Enterprise and Service Provider customers. Cable & Wireless is also restructuring its operations in the UK and Japan to reduce costs.
http://www.convergedigest.com/Mergers/financialarticle.asp?ID=5573
