Business Irish

Tuesday 21 August 2018

Eir’s CFO Huib Costermans to leave group in wake of takeover by French billionaire

Eir chief financial officer Huib Costermans to leave in June
Eir chief financial officer Huib Costermans to leave in June

Donal O’Donovan

Eir’s chief financial officer Huib Costermans will leave the group in June, in the wake of its takeover by French billionaire Xavier Niel.

The company announced the news this evening, along with the resignations of the directors of Eircom Holdco, subject to completion of the sale.

Chief executive Richard Moat had previously announced his plan to stand down.

Last month Carolan Lennon was named to succeed him as CEO once a controlling stake in the company is sold to firms connected to Mr Niel.

Eir has also announced that An Post CEO David McRedmond, the former boss of TV3, will become the telco's non-executive chairman once the deal with Mr Niel's companies has been finalised.

Ms Lennon is the first woman to run Eir and the first Irish person since 2007 to be CEO. Each of the last four Eir CEOs was hired in from abroad.

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