Dolan back at Westcon helm
A global distributor of networking technology products, Datatec’s Westcon Group, has announced that Thomas E. Dolan has been named president and CEO. Westcon is the parent company of local networking distributor, Lan Systems. Dolan succeeds Alan Marc Smith, president and CEO since 2001. Westcon said Smith would pursue new challenges and business opportunities, but remain with Westcon for a transition period. It said that Smith intended to retain his equity stake, reflecting his confidence in the company’s long-term potential. Dolan, the company said, has served in a wide range of executive roles since co-founding Westcon in 1985. Most recently, he served as executive vice-president and worked closely with Smith in setting the company’s strategic direction, managing operations, identifying acquisition opportunities and preparing the company for a NASDAQ initial public offering (IPO). From 2001 to 2002, he served as chairman of the board, and from 2000 to 2001 he was president and CEO.
Vodafone revenues rise as data usage increases
Vodafone has reported a 10 per cent increase in revenue for its fiscal year 2004, and said losses after exceptional items were down by 8 per cent. In announcing its preliminary results for the year ended March 31, Vodafone said group operating profit before goodwill, amortisation and exceptional items rose 17 per cent. The company attributed the performance to strong customer growth and increasing use of data services. Group revenue for the company rose to $US61.3 billion, compared to $US55.1billion a year earlier. For the year, 16.1 per cent of revenue came from data services, up from 14.6 per cent in the previous year, Vodafone said. The net loss shrunk from $US17.77 billion in fiscal year 2003 to $US16.31 billion for 2004, or a loss per share of $US0.24. Operating profit before goodwill, amortisation and exceptional items rose to $US19.4 billion from $US16.68 billion in fiscal year 2003.