Kingston Communications started life as a humble telephone company in the English town of Hull. For a time the company rode high on the technology boom, and spawned numerous divisions. Among these was the business-to-business division which has had a considerable impact on international broadcasting
But all of a sudden, CEO Steve Maine resigned after six years in the saddle, with no reason is given. Malcolm Fallen, who has been Chief Financial Officer of the Group since January 2001, took over.
The word from the company was that trading overall was “within the range of current market expectations”. But it warned the performance of its business-to-business telecoms division was “considerably below our earlier expectations”. Kingston will report its interim results on 25 November 2003.
Chairman, Michael Abrahams said, “Kingston Communications is a strong business in which we have made a substantial investment, supported by an experienced, committed team. “We are confident that Malcolm Fallen, Group CFO, has the skills, knowledge and energy to provide the leadership to initiate this renewed drive. We are grateful for the contribution Steve Maine has made to the development of the Group, and we wish him well for future.”