Reliance Globalcom, an entity of Reliance Communications (RCom), on Friday appointed William (Bill) Barney as chief executive of its three offshore businesses, comprising Flag Telecom, Yipes and Vanco.

Barney, whose appointment is effective immediately, will operate out of Hong Kong and Mumbai, the company said in a statement.

"We are delighted to have Bill join us to lead Reliance Globalcom into an accelerated phase of growth and development, leading to enhanced unlocking of value for the benefit of all our stakeholders," said Anil Ambani, chairman, Reliance Communications.

Prior to joining Reliance Globalcom, Barney had served as CEO of Pacnet for 10 years and also Asia Pacific President and CEO of MCI Worldcom (Verizon), the statement added.

Punit Garg, who was the president and CEO of Reliance Globalcom since January, 2006, will be leading RCom's Indian enterprise business.

"We are at an important time in the evolution of global Internet technology and I look forward to working with the team to further advance the company's position in the global marketplace," Barney said.

Shares of the company gained Rs 3.8, or 3.13%, to settle at Rs 125.30. The total volume of shares traded was 2,176,318 at the BSE (Friday).