Virgin Media Ireland CEO Magnus Ternsjö is to step down from the role and will become CEO of UPC in Hungary, the company said today (12 October).
UPC in Ireland was recently rebranded Virgin Media.
In recent weeks, Virgin Media launched its new mobile service in Ireland as part of an MVNO arrangement with Hutchison Whampoa-owned Three, with Virgin Group founder Richard Branson coming to Dublin for the official launch.
During his time in the role, Ternsjö helped grow the company’s broadband base in Ireland to more than 750,000 subscribers.
A spokesperson for Virgin Media told Siliconrepublic.com that CFO Carol Grennan will assume full responsibility for the Irish business until a successor has been appointed.
Ternsjö will remain as CEO of Virgin Media in Ireland until the end of the month.
“Magnus has led our business in Ireland during a significant period,” Virgin Media CEO Tom Mockridge said.
“He leaves with our warmest wishes and many friends. Ireland is an important market for Virgin Media; we are investing to grow our business.”
Ternsjö will be responsible for a business with 1,200 employees serving more than 700,000 cable customers.
He will report to Severina Pascu who leads the Central and Eastern Europe Region within Liberty Global.
“I have thoroughly enjoyed my time leading first UPC Ireland and, latterly, the transition to Virgin Media,” Ternsjö said. “This is a fantastic team with exciting plans for the future.
“While I leave Ireland with a heavy heart, I am looking forward to my next challenge leading the UPC Hungary business.”