View topic - [UPDATE] Sentinel 09.06.05 PCBC Heir-Apparent for CEO Post C

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Forum index » Archive » Archive: Perplex City » PXC: General/Updates

[UPDATE] Sentinel 09.06.05 PCBC Heir-Apparent for CEO Post C

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joolsweb
Boot

Joined: 08 May 2005
Posts: 39
Location: Wiltshire, UK

[UPDATE] Sentinel 09.06.05 PCBC Heir-Apparent for CEO Post C

Quote:

PCBC Heir-Apparent for CEO Post Chosen
By ALWHIN COPI
PCBC has formally announced that when CEO Jonathan Smart steps down this fall, his replacement will be Walter Cove-Houghton, who has served as CTO of the PCBC for the last four years. Spokesman Cory Clary explained at the press briefing, "The PCBC feels that in these times of increasing reliance on technology, it is best for our CEO to be a person who really understands the intersection of finance and technology."

Senior Managing Director Giordana Moore of the PCX, who had been considered a front runner for the post, said the appointment was a bold and risky move for the venerable organisation. "Clearly the PCBC is trying to position itself for the future," she said. "We all know Walter has a great understanding of tech, especially the security needs of key and encryption tech, but I'm not so certain he has the best vertical grasp of the banking industry itself. ... We'll have to wait and see how this plays out."

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Trip Scott, COO of the PCBC, also considered a short-list contender for the CEO job, said that he thought the move was an excellent choice. "Look, I could have pulled hard and had that job, but it wouldn't have been the best thing for the bank," he said, in an unusually candid interview. "It's clear that our society has been undergoing some heavy innovation, and the bank has not been keeping up as well as it should. ... I'm too conservative at heart to make the hard decisions we need to keep the PCBC on top. Walter is the man who can do it, and I'm behind him one hundred percent."

According to Clary, the bank will begin a 90-day transition period, with Smart officially stepping down in September. "Of course, he will remain available to the bank as a valuable knowledge asset, and he will be remaining on the board," Clary said.

Before joining the PCBC, Cove-Houghton was president of his own security firm, Cove-Houghton Consulting, founded in 248. He sold the consulting firm to his sister, Rose Cove-Houghton, upon leaving.

_________________
You've got some red on you.

Posted: Thu Jun 09, 2005 6:20 am

joolsweb
Boot

Joined: 08 May 2005
Posts: 39
Location: Wiltshire, UK

and News in brief

Quote:

Gambol Route Marked
The trail for the Solstice Gambol, the three-day hike around the city borders, has been finalised and marked out. This year, the Gambol will begin and end at Alchemy Beach, organisers said, and will be followed with the largest beach carnival to date.

_________________
You've got some red on you.

Posted: Thu Jun 09, 2005 6:22 am

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