Liberty Global has named Severina Pascu CEO of UPC Switzerland, .

Pascu, who most recently was chief operating officer of UPC Switzerland, will assume her new role on Sept. 1. She succeeds Eric Tveter, who will become chairman of UPC Switzerland.

Pascu has been with Liberty Global for about 10 years, serving as chief financial officer for UPC Romania, CEO of UPC Romania, CEO of Liberty Global’s Eastern European platform and currently chief operating officer of UPC Switzerland. She will report jointly to Liberty Global CEO Mike Fries, and Tveter and will join the executive leadership team. Tveter will also assume the role of CEO of the Eastern Europe operations.

“I am thrilled to have Severina take the helm in Switzerland,” Fries said in a statement. “She will lead a focused and dedicated operating team in the Swiss market building on a proven track record of delivering value to customers and shareowners at every stop in her 10-year career with us. At the same time, Eric will bring critical focus to our strategic planning and stakeholder relations in Switzerland, as well as continued leadership in our Eastern European operations as we prepare for the closing of the Vodafone transaction and evaluate our opportunities in this region.”

Liberty Global agreed to sell its UPC Austria operation to T-Mobile in December for about $2.2 billion. The deal is expected to close in the second half of this year.

“I’m very excited about the opportunity to bring my energy and operating experience to our business in Switzerland,” Pascu said in a statement. “We have a long track record of innovation and growth in this market, and I’m certain we have the networks, products and passion to build on our leadership position in one of Europe’s most advanced digital markets.”

UPC Switzerland has about 2.6 million revenue generating units, including 1.17 million video, 738,000 Internet, 536,000 telephony and 122,000 mobile subscribers.

Related: Liberty Global to Sell Austrian Ops to T-Mobile 

“Severina has done an outstanding job in her prior roles in this region and in leading the Consumer Group in Switzerland,” Tveter said in a statement. “She will find new ways to drive growth in our Swiss business and I’m excited to continue our collaboration and partnership in our respective new leadership roles.”

Liberty Global said it has reached an agreement to sell its Austrian operations, UPC Austria, to T-Mobile Austria in a deal valued at $1.9 billion euros ($2.2 billion).

As of Sept. 30 UPC Austria passed about 1.4 million homes and had 654,000 customers, including 513,000 broadband, 450,000 voice and 468,000 video subscribers. The deal comes in at a healthy multiple – about 11 times UPC Austria’s estimated 2017 cash flow

Liberty expects the transaction to close in the second half of 2018.

“This transaction highlights the strategic and financial value of our fiber-rich networks in a rapidly converging world and the significant synergies inherent in fixed-mobile mergers,” Liberty Global CEO Mike Fries said in a statement. “We have operated in Austria for over 20 years and are extremely proud of the market-leading position we’ve built in both digital video and super-fast broadband. Looking forward, we believe the combination of UPC Austria and T-Mobile Austria will provide the national scale necessary to compete with larger companies like A1, and provide residential and business consumers with the highest quality services at the best price. We remain focused on value creation for our shareholders and are pleased with the premium valuation being attributed to one of our smaller operating markets.”

Liberty said the proceeds from the deal will be used for general corporate purposes, including debt reduction, re-investment into the business or share buybacks. Liberty Global has agreed to provide certain transitional services – primarily network and IT functions – for a period of up to four years. The annual charges will depend on the actual level of services required by T-Mobile Austria. Liberty Global will also allow T-Mobile Austria to use the UPC brand for a transitional period of up to three years as part of the transaction.

LionTree Advisors acted as a financial adviser to Liberty Global on the transaction.