Vislink CEO to Step Down, Will be Replaced by New Chairman on Interim Basis

Posted by Joe Zaller
Feb 21 2011

Satellite and microwave communications technology provider Vislink said today that Duncan Lewis, who has been the company’s CEO since October 2008, will be stepping down at the end of March 2011. Vislink owns a variety of companies in the broadcast industry including Advent, Link, MRC, and Pacific Microwave.

The news comes less than a month after Vislink announced that it plans to lay off approximately 25% of its workforce, following the sale of its marine energy division.  

Newly appointed chairman John Hawkins will take over the CEO position from Lewis on an interim basis.   

Vislink announced last year that Hawkins, who the company says has previously led a number of companies through successful turnarounds, will become chairman at the company’s AGM in May 2011, replacing previous chairman Tim Trotter, whose departure was announced in November of 2010 as part of its ongoing restructuring.  

Lewis made the following statement about the announcement: “I have thoroughly enjoyed my time with Vislink despite the vicissitudes of repositioning the Group at the end of the biggest contract in its history and in the jaws of the recession. I wish my successor well in building on the platform we have created, and I am grateful to the Board for its extraordinary support during these changes.”

.

.

You can read the full announcement from Vislink here.

Information about Vislink’s restructuring plans is here.

Information on Vislink’s plans to lay off 25% of its workforce is here.

.

.

One Response

  1. […] This post was mentioned on Twitter by Joe_Zaller, greyhawk. greyhawk said: Vislink CEO to Step Down, be Replaced by New Chairman on Interim Basis http://goo.gl/fb/sLtTH […]

%d bloggers like this: