CyberWorks promotes Jeff Bowden, William Cheung
By Bloomberg, Singapore.CNET.com
Thursday, December 7 2000
HONG KONG--Pacific Century CyberWorks Ltd, Asia's No 2 Internet company, said it promoted Jeff Bowden to its board of directors and moved William Cheung from one of its subsidiaries to become chief operation officer.
Bowden, executive vice president for integration strategy, joined CyberWorks on September 28 from the Nynex Corp in the US, where he led that company's merger with Bell Atlantic Corp. Bowden has also worked for Boston Consulting Group Inc.
Cheung, who was chief operation officer at a CyberWorks unit, B2C (Asia), is promoted to a similar position responsible for the whole group. Both Cheung and Bowden will participate in CyberWorks' executive committee.
CyberWorks, which spent US$28 billion buying Cable & Wireless HKT Ltd earlier this year, recently secured a US$4.7 billion loan to help repay US$9 billion it borrowed to pay for that acquisition.
Its share price, which has fallen 70 percent this year, rose 35 cents or 6.8 percent to HK$5.50.
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