Wed 23 Jul 2008
Mstar Appoints New CEO
Posted by Jesse under News
Mstar announced that they have appointed their former CFO, Stephen Russo, as the new CEO of the company. According to the press release, former CEO Ben Gould still serves on the board in an advisory capacity. The press release is typical fluff and doesn’t really do much to quell rumours that Mstar is planning to scale back operations drastically.
The real question is if this new leader can right the ship or if it’s just the latest step in what appears to be a downward spiral. Only time will tell.
July 24th, 2008 at 2:15 pm
Since it appears that Mstar has more customers, taking more services that ALL other UTOPIA service providers combined if Mstar has a downward spiral it could drag UTOPIA with them? (Or is that the other way around?)
I think it’s clear that Mstar has trimmed it’s sails and is running a rather tight ship these days. I would guess they have about 20-25% of the staff they had when they were getting ready for UTOPIA to build/activate the fiber to homes UTOPIA said they would (but never did)!