Chepstow, 21st May 2024: TXO, the leading provider of end-to-end circular telecom network solutions, today announces the appointment of Simon Wort as Group Chief Commercial Officer. The latest move in a string of senior appointments and acquisitions, Wort will lead TXO’s expansion into new commercial areas, focusing particularly on integrating the existing business with recently acquired companies Lynx and TEQPORT to strengthen TXO’s global offering.
Joining TXO from ITS Technology Group, Simon Wort is a seasoned leader with a strong background in international commercial leadership. Shaped by years of experience in global, privately owned, and private equity-backed organisations, Wort brings a deep understanding of market dynamics to TXO as it continues its growth journey to become the premier end-to-end circular economy solutions and services company for the telecoms industry.
Simon Wort joins TXO to help it lead the market shift towards more sustainable practices. Sustainability, both financial and in terms of environmental, social, and governance (ESG) practices has become top of the agenda for global operators. The challenge for operators is balancing this against maintaining and updating the network amid limited support for existing hardware from OEMs and regulations mandating the removal of hardware such as Huawei equipment or older technology like 2G and 3G. This often comes at great environmental and financial cost, but TXO is helping operators mitigate through services such as decommissioning and recovery, test and repair, second-user product supply, reselling, and recycling.
Simon Wort, the new TXO Group CCO comments: “TXO has a hugely exciting opportunity to serve a global customer base and lead the charge for an ESG-conscious and circular economy-driven telecoms industry and I’m looking forward to helping drive this as much as I can. While the journey TXO is undergoing is exciting the one we can bring our customers on is even more so. Operators around the world are at different stages of this evolution, but TXO is going to be a crucial partner in this, helping them unlock untold financial and environmental benefits.”
As Group CCO, Simon Wort is expected to put renewed focus on the customer, with a people-first approach. This will be key in TXO’s continued transition beyond a transactional model to become an end-to-end solutions and services partner. His extensive experience in leading market transformations and his commitment to customer-centric strategies will be instrumental in realising TXO’s vision of being the world’s local partner for sustainable telecom networks.
Darren Pearce, Group CEO of TXO, said: ‘We’re excited to welcome Simon to our leadership team. His expertise in driving sustainable growth will be crucial as we continue to expand our services and reach. Simon will play a key role in enhancing our customer relationships and ensuring that our expansion aligns with the high-quality, comprehensive solutions our clients expect from us as we grow.”
The appointment of Simon Wort as Group CCO continues TXO’s strategic enhancements in its leadership team. Prior moves included the recruitment of Farid Seddar as COO, and earlier, the bolstering of its board with Kevin Taylor MBE as Chairman and two new non-executive directors. Heading into 2024, TXO also expanded its capabilities through two major acquisitions: German decommissioning and network solutions provider TEQPORT, and UK-based specialist in network decommissioning and engineering solutions, Lynx.
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About TXO
TXO, a collective of four brands including MMX, Lynx, and TEQPORT, is a global leader in sustainable telecom network solutions. Our vision: to be the world’s local partner for sustainable telecom networks, drives our commitment to the circular economy. We offer a full range of services to extend the life of telecom networks, from sourcing nearly a million multi-vendor network parts to responsible decommissioning.
Our approach not only saves costs but also reduces environmental impact. With advanced asset management and recovery solutions, we ensure maximum value and quality without compromising performance. Our expanded capabilities, bolstered by Lynx and TEQPORT, cover meticulous testing and restoration of equipment.
In partnership with TowerBrook Delta, we’re dedicated to sustainable, efficient telecom network management, guided by our ‘circle of value’.
TXO’s circle of value streamlines sustainable telecom network management, focusing on asset recovery, testing, repair, efficient spare parts management and network & engineering services. This approach underscores our commitment to the circular economy, enhancing environmental sustainability while delivering financial efficiency. Through innovation and global reach, we empower networks with smarter, eco-friendly solutions.
