Pacific regional operator Pacnet has an interim leader in place following the sudden departure of longtime CEO Bill Barney. The current CFO, Brett Lay, has taken over CEO duties while the board seeks a permanent replacement. However, given the recent rumors about a bid from Indonesia's PT Telkom, it seems more likely that the search will be curtailed.
Barney's leadership run at Pacnet started back when he took the helm at Asia Global Crossing back in 2002, through the Asia Netcom years, the merger with Pacific Internet, and into today's much different world of Pacific bandwidth. Without his, shall we say, colorful leadership style, Pacnet will surely be wearing quite a different public face. I suspect Barney already has a new gig lined up somewhere though, else why the rush? We shall see soon enough I guess.
As for Pacnet, this turn of events does add weight to the theory that a sale is in the offing. PT Telkom's bid would make a lot of sense for them strategically, but surely there are other large operators in the region with a similar interest - maybe NTT or SingTel for example. Tata sure seems like a good fit, especially after their bid for C&W Worldwide was foiled last month. Level 3? Nah, they don't seem to be looking at APAC in that way just yet.
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