Charlie Vogt steps down as Imagine Communications CEO | Major Businesses | Business
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Only a few months after using IBC to reveal plans to take advantage of what he called the new era of the media platform, plus dispelling rumours of mergers, acquisitions and takeovers, Imagine Communications CEO Charlie Vogt has stepped down from his post.

ImagineVogtIBCIn a huge surprise for the industry, Vogt is to join the Gores Group — a global private equity firm specialising in acquiring and partnering with mature and growing businesses, and for whom Imagine is part of its portfolio — as a senior advisor working on strategic M&A activity specifically focused on the technology, media and communications sectors. Tom Cotney has been named CEO of Imagine Communications, effective immediately.

Explaining his decision, Vogt said: “The Internet, mobility and the cloud have forever changed the going-forward business models. We established an innovation advisory board in 2014, which has been invaluable relative to shaping Imagine's long-term roadmap and establishing our near-term priorities. Over the past three years, Imagine has achieved many innovative and technology firsts, including being the first media technology company to deliver an all IP/cloud platform for playout and master control.  We are also pacing to have our best financial performance quarter of the year.

“This momentum will continue as the Gores Group's long-term commitment to Imagine and to the media and entertainment sector in general is not only strong, but increasing, as is our confidence that Imagine will continue to lead the industry in the transition to IP and cloud services from monetisation to content distribution. In my advisory role, I look forward to helping drive that ongoing investment and working with the newly appointed CEO.”

Cotney has spent 20 years partnering with, selling to and competing in the communications and mobile technology industries. He served as general manager of the communications sector at IBM Global Services, and has been a CEO and board member for a number of privately held companies. Imagine said that Cotney and Vogt would work together to continue the momentum and growth at Imagine Communications while ensuring what it said would be a ‘seamless’ leadership transition.

“Over the past four years, Imagine has transformed the media industry by becoming the first company to deliver on its vision of an all IP/cloud network for playout and master control,” added Alec Gores, founder, chairman and CEO of The Gores Group. “I want to acknowledge and personally thank Charlie for his leadership in driving this massive transformation and placing Imagine’s technology at the forefront of the industry. Sharing our vision of where the industry is heading, Tom is uniquely qualified to build on this momentum and I welcome him in his new role.”