Severina Pascu to Lead UPC Romania

UCHAREST: Severina Pascu, currently the chief financial officer of UPC Romania, will take over as managing director as of January 1, 2011, in place of Jack Mikaloff, who is retiring at the end of the year.

Mikaloff become the managing director in 2008 after having held a variety of positions at Liberty Global and its predecessor companies such as UPC Business Services and UPC France. Pascu has been CFO of UPC Romania since 2008. Between 2005 and 2008 she worked as director corporate finance at CAIB Romania. Prior to this she worked for the American cable company Metromedia International, holding several senior positions in Romania and U.K.

Mikaloff commented of his retirement: “I am proud of this team and I know it will be in capable hands going forward. I am happy to have Severina as my successor. She is a remarkable leader and has been instrumental to the development of UPC over the last 3 years. I’m sure that the people behind this company will continue to exceed objectives and make new breakthroughs under her leadership.”

Gene Musselman, the president and COO of UPC Broadband, said: “Jack has been a good friend and a first class operator, staying the course in various demanding assignments for the company. His talents will be missed but I respect his decision after a career of 40 years and more than a decade of dedication to our group. With Severina we will have an experienced cable veteran with strong knowledge of the local market.”

Pascu added: “We will be consistent in our commitment to open the digital world for everyone and we will continue to launch new products and services. Our strategy is focused on offering simple and quality solutions, bringing technology closer to people. We will continue to invest in the relationship with our customers and concentrating on interactivity, simplicity and accessibility.”