Cable & Wireless Issues FY12 Profit Forecast

Cable & Wireless PLC CWIXF projected that FY12 earnings before interest, tax, depreciation and amortization would come in 5% to 10%, down from current market estimates. The company now projects to pay out 2.25 pence as the FY12 dividend. The company's Chief Executive Jim Marsh stepped down. The company's board appointed John Pluthero, currently chairman as CEO. John Barton, currently senior independent director, will replace Pluthero as chairman. Penny Hughes succeeds Barton as senior independent director. Read more from Benzinga's Company news.