Pace loses COO

Set-top vendor Pace, which sacked CEO Neil Gaydon last month following a number of profit warnings, has removed the position of chief operating officer, meaning David McKinney has now resigned from the company.

New CEO Mike Pulli, formerly Pace’s US chief, will take over McKinney’s responsibilities, including key operations and procurement functions.

Chairman Allan Leighton, said: “The new senior structure gives the CEO direct line of sight to the critical areas of the business. However, it’s important to acknowledge the significant contribution that David has made to Pace over the last six years in building its operational capabilities. We wish him all the best for the future.”

Separately, Tim O’Loughlin has been appointed president of Pace Americas, replacing Pulli. He will be responsible for customer relationships, operations and all administrative functions at Pace America.