Aussie Broadband Group (ASX:ABB) Appoints New CEO
Leadership Transition
Aussie Broadband Limited (ASX:ABB) announces Brian Maher as the new Group Chief Executive Officer, effective 1 March 2025. Maher, currently the CEO, has been a key player since joining in 2019 as Chief Financial Officer. He took on the CEO role in February 2024, demonstrating significant leadership qualities.
Phillip Britt’s New Role
Co-founder Phillip Britt will retire as Group Managing Director on 28 February 2025 to focus on community projects in Gippsland. He will transition to a Non-executive Director and assume the role of Special Technical Adviser, where he will provide vital insights into the company’s fibre optic network projects. Chair Adrian Fitzpatrick praised Britt’s exceptional contributions to the growth of Aussie Broadband over the last 20 years.
Britt said, “I have worked with Brian for the past 5½ years, and I am confident Aussie Broadband will continue to go from strength to strength.” He is also launching a new community venture to develop rural fibre services in Gippsland, ensuring better digital connectivity for the region.
Details of Employment Terms
Details regarding Maher’s employment reveal an annual salary of $700,000, subject to annual review, and an opportunity for short-term and long-term incentives tied to performance metrics. Brit’s advisory role will entail a two-year engagement beginning 1 March 2025, with an annual fee of $300,000.
Aussie Broadband Group continues to position itself strongly in the telecommunications sector with a diversified service offering, catering to a growing customer base across Australia.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Aussie Broadband. The Motley Fool Australia has recommended Aussie Broadband. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.