CityLink's Neil de Wit restructured out of a job

Metro ethernet provider loses pioneering CEO

CityLink CEO Neil de Wit has resigned, as a result of restructuring by the metro fibre provider’s owner, Team Talk. He departs on April 30.

In an announcement to the NZ Stock Exchange, Team Talk says the company’s chairman, David Ware, will “assume responsibility for the company’s strategic initiatives”. Day to day management will continue to be performed by CityLink chief operating officer Brian Phillips.

In the statement, de Wit is quoted as saying “While I regret the board’s decision to restructure the company, I respect their decision.

“CityLink is a great company, with fantastic staff and I wish all people of CityLink much success in the future.”

When contacted by Computerworld, de Wit said the CityLink CEO position was disestablished as a result of the resturcturing, and that he was offered another position, which he declined to take up.

After building metro Ethernet networks in Wellington and Auckland, CityLink attracted the interest of Team Talk in 2006, when the mobile radio operator took a 67 per cent stake. It subsequently bought the rest of CityLink.

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Tags CityLinkneil de witTeam talk

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