Liberty Global promotes Nair to president and CEO of Latin America and Caribbean
Balan Nair, the chief technology & innovation officer at Liberty Global, has been promoted to president and CEO of company's soon to be split Latin American and Caribbean division
Liberty Global has promoted Balan Nair to president and CEO of its Latin American and Caribbean division.
Nair currently acts as chief technology & innovation officer at Liberty Global and will assume his new role by the of the end of the year, once the split-off from Liberty Global takes place.
Commenting on the promotion, Mike Fries, Liberty Global CEO, who will serve as executive chairman of the Latin American company after the split-off, said: “Balan is an exceptional technologist and operating executive who has delivered tremendous value to our company as CTO. He has led us into the future with next-generation broadband, video and mobile products, and has transformed our entire technology operating model. I am excited that Balan has agreed to lead this new company into the future, and I look forward to continuing our close working relationship as part of the broader Liberty family.”
Nair brings almost 25 years’ experience to the new role having held various roles across the telecommunications, internet, cable and media industries. During his time at Liberty Global, Nair has managed the group’s fixed and mobile network operations, broadband and video product development and strategic planning. At present he oversees roughly 7,500 employees, with an operating and capital budget of more than $5 billion in Europe. Nair will stay in his current position until the split-off has been completed a search for his replacement is currently underway.
Speaking on his new role, Nair said: “It’s been a privilege to work with and learn from Mike Fries and John Malone, and I am proud and humbled to have the opportunity to continue collaborating with them in my new role as president and CEO of Liberty’s Latin American and Caribbean operation. I plan to leverage my experience to build operating and strategic momentum for us in one of the world’s most exciting growth markets.”
In addition to Fries, who will serve as executive chairman, Nair, the board of the new company is expected to include: John Malone the current chairman of Liberty Global, Paul Gould and Miranda Curtis who are Liberty Global directors and Charles Bracken Liberty Global’s CFO.
As well as three additional directors who will add much needed regional expertise, they are Eric Zinterhofer, the former chairman of Charter Communications; Alfonso de Angoitia the Co-CEO of Grupo Televisa N.A.; and Brendan Paddick, former board member of Cable & Wireless and founder and former CEO of Columbus Communications.