New World Mobility boss sitting tight at the helm

New World Mobility denies reports its chief executive, Pierre Fitzgibbon, will leave in October.

'There is no such thing happening in the company,' marketing manager Maria Tang said.

Mr Fitzgibbon was not available for comment.

A newspaper reported Mr Fitzgibbon, a former director of Telesystem International Wireless, would leave after Chase Capital did not exercise its option to take a stake.

The company, owned by New World Development, did not issue an expected clarification on personnel-change rumours.

The deteriorating mobile market is seen to be the main driver of management moves among mobile operators. Two weeks ago SmarTone Telecommunications chief executive Ian Stone resigned in favour of Douglas Li.