NBN appoints two new executives

06 June 2014 | Sophie Donoghue

Australia’s state-owned National Broadband Network Company (NBN) has named two new executives as part of CEO Bill Morrow’s plans to restructure the company.

Stephen Rue has been named as CFO, effective from July 1, who previously worked with News Corp Australia.

“Stephen is a well-credentialed senior finance executive who has managed a business through a complex and high-profile transformation. His transparent approach is welcome at a time NBN Co continues to accelerate on its delivery,” said Bill Morrow, CEO of NBN.

The company also appointed Dennis Steiger as the new CTO and security officer, as of July 21. Steiger leaves his post as CTO at Canadian telco Shaw Communications.

The announcement follows Morrow’s move to oust three company executives two months ago: CTO Gary McLaren, CFO Robin Payne, and head of corporate services Kevin Brown.

At the end of March this year, NBN announced plans to invest A$18.4 million ($16.8 million) in order to revive its interim satellite service.