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Technology Stocks : PCW - Pacific Century CyberWorks Limited

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To: ms.smartest.person who wrote (1202)5/17/2001 2:09:51 PM
From: ms.smartest.person  Read Replies (1) of 2248
 
HK's PCCW Seeks Replacement For Richard Li - Paper

Dow Jones Newswires

HONG KONG -- Hong Kong's Pacific Century CyberWorks Ltd. (PCW) has reportedly appointed headhunters to find a chief executive to replace the founder Richard Li.

The Thursday edition of the Financial Times interactive version, FT.com, quotes people close to the PCCW board saying a search is underway for an experienced U.S. telecommunications executive to take day-to-day responsibility for running the company, leaving Li to concentrate on strategy.

The Financial Times said Li insisted he had no immediate plans to change his role, but said he might step back in six months if a suitable replacement could be found. "There are a couple of agencies looking for new people to join the board; we are always on the search for talent," Li reportedly said.

- - 17/05/01 01-25G

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