Irish operator eir has chosen a new CEO and Chairman ahead of its takeover by France's Iliad and its owner Xavier Niel.
Carolan Lennon (pictured) will take over from outgoing CEO Richard Moat after the completion of Niel's investment vehicle NJJ Telecom Europe and Iliad's acquisition of a majority stake in eir. This is expected to take place in the first half of this year.
Lennon has been at eir since 2010, where she has held various roles in its open eir wholesale division. As MD of the unit she manages the installation and control of eir’s mobile and fixed networks in Ireland.
An eir Spokesperson cited Lennon’s long track record at the company and knowledge of how the business operates as reasons for her appointment.
“[Lennon] has contributed significantly to the management and success of eir and open eir in the last number of years,” the Spokesperson said. “She will be instrumental in guiding eir through its next phase of growth and beyond.”
Lennon said her priority would be to work with the new owners to provide the best mobile and broadband network across Ireland through investments in “innovative yet simple solutions”. She also said she would look to maximise internal efficiencies at the company.
The changes will also see David McRedmond, CEO of state-owned postal service An Post, appointed as Chairman. He will replace Carl Leaver, who has held the position since September 2017.
eir said: “David has an excellent track record of delivering success for prominent companies which are central to the Irish landscape.
"eir’s ability to attract someone of David’s calibre and experience is testimony to eir’s growing ambitions.
"His relevant experience and understanding of the sector will be of significant importance to the future success of eir.”
Niel and Iliad announced in December they would pay €3.5 billion for a majority stake in eir, with CEO Moat also announcing at the time he would step down after just over three years at the company.
NJJ Telecom Europe will hold a 32.9 percent of the operator while Iliad, of which Niel is the majority owner, will own 31.6 percent. Iliad and Niel are buying the operator from a consortium composed of multiple firms, including Anchorage Capital Group and Davidson Kempner. These two companies will retain a combined 35.5 percent stake.