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Technology Stocks : PCW - Pacific Century CyberWorks Limited
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To: ms.smartest.person who wrote (1220)5/17/2001 10:06:13 PM
From: ms.smartest.person  Read Replies (1) of 2248
 
PCCW appoints headhunters to find replacement for Li: FT
2001-05-18


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Pacific Century CyberWorks Ltd has appointed headhunters
to find a chief executive to replace founder Richard Li, the Financial Times
cited people close to the board as saying.

Li is expected to take a less operational role in future, it said.
It cited people close to the board as saying a search was under way for an
experienced U.S. telecoms executive to take day-to-day responsibility for
running the company, leaving Li to concentrate on strategy.

Li said he had no immediate plans to change his role but said that 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," he said.

"I have no intention at the moment of standing down, but, as a shareholder,
if I feel someone else would be better at putting it (PCCW) in the right shape
for the long term, I would not hesitate," Li said.

"I cannot see that this will come this year."

tb/jv
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