Pacific Internet, the NASDAQ-listed regional ISP operating out of Singapore, has appointed Tan Tong Hai CEO following the abrupt departure of former chief executive Nicholas Lee, who resigned from his job and the board for personal reasons, according to a statement issued by the company. Observers noted that while Lee built Pacific Internet into a powerful regional player, the company continues to lose money and has seen its share price drop dramatically from a high of $US73 last March to $US4.22 last week. Market forces can take a terrible toll.
Robert Galvin, a former chairman and long-serving director of Motorola, will also bow to the inevitable and quit the Motorola board this quarter after having spent 60 years with the company. In this case it probably is Father Time taking its toll, although Galvin is father of Christopher Galvin, who is in the hot seat at Motorola as chairman and CEO. Last week the company warned that it will not meet either its first quarter profit target or its sales goal. Motorola has announced it will lay off 4000 workers from its semiconductor operations, and 300 from its personal communications sector - and that was just a month after acknowledging that 2500 will be jobless when a mobile phone plant is closed. Statements issued by Motorola note that further plant closures and retrenchments are expected.
There's a new man in charge of international operations at Gateway, where Welshman Martin Coles has been appointed senior vice president of Gateway International. A high-flying executive of high-profile American brands, Coles was most recently CEO of British company LetsBuyIt.com, which he joined after being a senior executive with Nike from 1992 to 2000. His other notable posts have been with PepsiCo and Procter & Gamble. Needless to say, his brief is extensive and includes "increase sales growth, improve the cost structure" and "strengthen customer relations in all Gateway's international markets outside North America".
Troubled Dutch software developer Baan has turned to an existing executive to fill a hole created when the Americas boss Paul Daly defected to "a media sector software company". New president of Baan Americas is Susan Heystee, who was formerly vice president of field operations