CEO of Bankrupt WOM Leaves, Criticizes Chilean Firm’s Owner

The head of Chile’s troubled telecom operator WOM was replaced after less than six months on the job and said, after leaving, that the company’s owner failed to come through with promised cash in the run-up to its bankruptcy.

Chris Bannister, who took over as CEO in October in a second stint with WOM, was replaced Thursday by Martin Vaca Narvaja, according to a statement. The company filed for Chapter 11 on Monday.

Chris Bannister

Source: WOM Colombia

Once a rising Chilean startup, WOM fell short on a plan to refinance $348 million in debt due in November. It entered bankruptcy ...