HERB HRIBAR has stepped down as the chief executive of Eircom.
Richard Moat will take up the role of acting chief executive with immediate effect. He had previously been group financial officer at the telecoms giant.
In a statement, Eircom said Mr Hribar had decided not to renew his contract with the company and was leaving the role as a result.
It comes after an expected stock market flotation of Eircom was cancelled earlier this month.
Chairman Padraig McManus thanked Mr Hribar for his work in the role and said he had led Eircom through “a critical juncture of our transformation” and had “tirelessly dedicated” himself to the telecoms firm
"During the past two years, Herb has led eircom through a critical juncture of our transformation and overseen a network investment programme that has significantly upgraded our capability," he said.
"He has tirelessly dedicated himself to reshape the company and deliver world class products and services to our customers. We now operate Ireland’s largest fibre network and eircom was the first to offer 4G mobile services in Ireland. All of this was achieved while reducing our cost base and improving our competitiveness.
"I wish Herb all the very best for the future on his return to the United States.”