Serious Business.., page-13

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Just when it looked like the Vocus Communications ship had settled, Street Talk hears a few more senior executives have jumped.
It's understood that the latest out the $2.6 billion company's door is chief technology officer and former deputy chief executive officer Chris Deere, who was quietly ushered out the back on Wednesday.
Sources said the departure was communicated to management, although was not formally announced internally or externally.
Deere was known to fund managers as an IT industry veteran who founded and sold his own internet service provider, before building an IT infrastructure business in New South Wales which was eventually sold to Vocus.

Also gone is John Russell, director of strategic projects, who was heavily involved in Vocus' acquisition of Nextgen Networks about this time last year.
Russell was also charged with overseeing the integration of various Vocus purchases including Amcom Telecommunications and M2 Group in recent years.
It's understood Russell's job was about extracting all the planned synergies, although that chair's now vacant.
Sources said that Vocus had also lost Rick Carter, who was head of networks and is now at Superloop, Dan Whitford who was head of wholesale, and Matthew Hollis, who led all sales and marketing.
Whatever the case, it is another bunch of executives from the "old" Vocus that have taken their leave, as chief executive Geoff Horth and his team go about building the newer version which consists of Vocus, M2 and the Nextgen assets.

Perhaps the biggest casualty in the changes was James Spenceley, Vocus' founder, who now runs a small caps investment fund and left following a failed board coup last year.
It comes as fund managers take another look at Vocus, with the dust finally settling on its string of company-changing M&A deals. The stock is off almost 45 per cent since this time last year.
Of course it is not the only telecommunications stock feeling the heat, with investors and analysts trying to work out how such companies will fare in the NBN era.
Vocus reported interim revenue up a dramatic 403 per cent to $888.2 million in the six months to December 31, with net profit up 94.9 per cent to $47.2 million. The dramatic increase was thanks to its new businesses.