JONATHAN JAMES RESIGNS AS CHIEF OPERATING OFFICER AT COM HEM FOLLOWING THE SUCCESSFUL TRANSFORMATION OF THE COMPANY
Jonathan James has decided to resign from his position as Chief Operating Officer at Com Hem. He will leave by the end of June 2016 after two and a half years with the company.
In that time, Com Hem has gone from being a private to a public company, executed one of the fastest roll-outs of TiVo in Europe with 35% of the customer base now on TiVo, upgraded its broadband to become the fastest in Sweden* while reducing churn significantly thanks to a tight focus on customer satisfaction. In addition the company has entered the business-to-business market by acquiring Phonera.
These actions have accelerated the growth and improved the company’s cashflow by close to SEK 1bn in 2015 alone.
Jon’s direct reports will now work directly for the Chief Executive Officer as part of the planned transition.
“I would like to thank Jon for playing an instrumental role in the rapid development of Com Hem, in particular the transformation of our customer satisfaction. His drive and extensive experience from the UK have been very beneficial, as intended when he joined the Com Hem team for this phase of development of the Company ”, says Anders Nilsson, CEO of Com Hem.
“I feel proud of what we have achieved at Com Hem. With our new brand successfully launched, the time felt right to leave for the next challenge. The company is in excellent shape, with a strong plan and an outstanding depth of talent and I am entirely confident that Com Hem’s success will continue”, says Jon James.
* Com Hem had the fastest average downstream speed during 2015 according to Bredbandskollen
For queries, please contact:
Petra von Rohr, Director IR & Corporate Communications
Tel: +46(0)734 39 06 54
Fredrik Hallstan, Head of PR
Tel: +46(0)761 15 38 30
Com Hem Holding AB discloses the information provided herein pursuant to the Swedish Securities Markets Act (2007:528) and/or the Swedish Financial Instruments Trading Act (1991:980). The information was submitted for publication at 19:00 CET on April 14, 2016.
About Com Hem
Com Hem offers broadband, TV, play and telephony services to Swedish households and companies. Approximately 40 percent of the country's households are connected to Com Hem's network, making Com Hem an important driver of digital Sweden. We offer broadband speeds of up to 1 Gbit /s and a wide range of channels via digital TV at home or mobile via Com Hem Play. The company was founded in 1983 and has approximately 1,200 employees including about 700 within customer service. Com Hem is headquartered in Stockholm and operates through three subsidiaries; Com Hem AB, Phonera Företag AB and iTUX Communication AB. In 2015, Group sales totaled SEK 5,000 million. Since 2014 the Com Hem share is listed on Nasdaq Stockholm. www.comhemgroup.se.