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Vocus Group Advises on Driving Operational and Cost Synergies

08 Nov 2018  |  16:18:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Vocus driving operational and cost synergies

Vocus Group advised that there are operational similarities that drive commercial logic in managing the Consumer and Commander businesses of the Company. From mid-2019, they will be brought under the leadership of Antony de Jong, who joined the Company in September to lead the Commander business serving small and medium business customers. A key focus at the Company in recent months has been leadership renewal, bringing in key executives where there were gaps. The next phase is to examine overlap and drive the removal of costs. Several roles have been removed from the Consumer segment, including its Divisional Head and Head of Finance, who will be leaving the Company. The financial performance of the consumer business continues to be consistent with provided FY19 EBITDA guidance.

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