Xavier Niel has installed himself as one of nine new directors at eir, as the consortium he led to seize control of the Irish operator completed its takeover.
Iliad founder Niel joins former eir CEO Richard Moat and Michael Golan, who founded Israel’s Golan Telecom and who is also a director at Salt and Monaco Telecom, on the operator’s new-look board.
Paddy Browne, Rose Hynes, Pádraig Ó Ríordáin, Fiona Tierney and former Iliad CFO Olivier Rosenfeld are the other appointed directors.
They join David McRedmond and Carolan Lennon, who were announced as Chairman and CEO respectively in February.
In addition to the director appointments, Stephen Tighe, Finance Director for eir’s Consumer division and interim Chief Commercial Officer, has been named as the operator's new CFO.
Niel's investment vehicle NJJ Telecom Europe and Iliad teamed up to spend €3.5 billion in acquiring 64.5 percent of eir in December last year. The deal was completed today (9 April).
In the six months to December, eir saw adjusted EBITDA rise three percent to €250 million on revenues that declined two percent €638 million.
McRedmond said: “The company will benefit greatly from having such a high calibre board of directors with strong Irish roots, a deep understanding of the Irish rural and urban landscape, specific knowledge of the company and extensive telecommunications expertise.”
Lennon added: “I am looking forward to managing eir into the next phase of its development.
“I will work with a new senior management team, all of whom have been appointed from within eir and who have substantial industry knowledge and market experience.
“The new management team reflects the importance of talent development and embraces gender diversity, themes that are extremely important to me.
“I am confident that we can, together with the board, build the best fixed and mobile network in Ireland, offer the highest quality products and deliver a first-rate customer care service for the Irish people.”
Further details of the make up of the management team were not disclosed.