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Eircom gets new chief exec and CFO

Friday, August 03 12:24:09

eircom Group today announced the appointment of Mr Herb Hribar as Group Chief Executive Officer and Mr Richard Moat as Group Chief Financial Officer.

The reshuffle comes after it emerged from examinership earlier this year following a consensual debt restructuring with lenders.

Both will be appointed to the boards of Eircom Holdco S.A. and eircom Holdings (Ireland) Limited and will take up their roles in early September.

Mr Hribar has extensive operational experience in the telecommunications and TV industries both in the US and Europe where he has been President of Ameritech Wireless in the US, Managing Director of Kabel Deutschland, Europe's largest cable operator and COO of Cablecom in Switzerland.

He previously served as Managing Director Wholesale/Networks at the eircom Group from 2002-2004.

The Group also announced the appointment of Richard Moat to the position of Group Chief Financial Officer. Mr Moat brings more than 20 years of international mobile experience, most recently leading T-Mobile UK as its Managing Director, before becoming Deputy Chief Executive and Chief Financial Officer of Everything Everywhere.

Commenting on the announcement, Ned Sullivan, Chairman, eircom Group said, "eircom is delighted to have secured the services of two highly experienced and talented industry executives. Herb and Richard join eircom at an exciting time, with a recently restructured balance sheet and reduced debt. Herb will lead the continued transformation of eircom including the investment in our fibre network that will support new high bandwidth products to further position the business for the future."

"On behalf of the Board, I would also like to recognise the significant contribution of outgoing CEO Paul Donovan over the past three years. We wish him every success in the future as he returns to the UK."