Liberty Global’s Virgin Media appoints Schüler as new CEO
Lutz Schüler is to replace Tom Mockridge as CEO of Liberty Global’s UK and Ireland cable and telecoms business, Virgin Media. He has been COO since September 2018.
Mockridge is leaving “to base himself again in Italy with his family”, said Liberty Global, which has owned Virgin Media for six years.
Schüler spent 12 years at Telefónica O2 in Germany before moving in 2011 to Liberty Global’s Cologne-based cable company, Unitymedia.
“Lutz is an outstanding leader and operator,” said Mike Fries, CEO of Liberty Global and chairman of Virgin Media. “During his eight years in Germany, Lutz led a talented team and created significant value. Since joining Virgin Media last year, he has made an immediate impact, uniting the team around a clear strategy for continued, best-in-class growth in the UK and Ireland.”
Schüler said: “After seven months working in our operations, I am more excited than ever about our continued growth potential with the customers and communities we serve in the UK and Ireland.” In February the company announced trials of 8Gbps broadband in the UK. Virgin Media runs extensive cable TV networks in the UK and Ireland, and mobile virtual networks in both, with EE in the UK and Three in Ireland.
Fries added: “Under Tom’s leadership, operating cash flow increased 35% and Virgin Media is now recognized as the leader in ultrafast broadband, the best entertainment and superior quality of service. We’ve also launched the most successful network upgrade and expansion programs in UK history, ensuring that more than 15 million households have the opportunity to enjoy Virgin Media’s incredible products and services.”