JOINT RELEASE - Minister for Finance - Turnbull Government welcomes NBN Co CEO appointment
22 August 2018
The Turnbull Government welcomes the appointment of Mr Stephen Rue as the new chief executive officer of NBN Co. Mr Rue will also replace outgoing CEO Mr Bill Morrow on the board of NBN Co as Executive Director.
Mr Rue will commence his new roles on 1 September 2018.
Mr Rue has been a member of the nbn Executive Committee since July 2014 and will lead nbn through the years ahead as it completes the network rollout and transitions to a self-sustaining operating model. Mr Rue has fulfilled the role of nbn Chief Financial Officer during the past four years, including transforming the organisation’s capability across its finance, procurement and supply functions.
Shareholder Ministers pay tribute to Mr Morrow for his exemplary leadership and vision at the helm of nbn over the past four years. The hallmark of Mr Morrow’s leadership is the 4.2 million connected nbn services across Australia, virtually all of which were achieved under his tenure.
To ensure continuity at the Board level as the nbn prepares for the post-rollout phase, the Government is re-appointing Dr Kerry Schott and Ms Shirley In’t Veld as non-executive Directors of NBN Co, for further terms of three years.
Ms In’t Veld’s legal, strategic business development, management and governance background contribute strongly to the skills mix of the nbn Board. Dr Schott is the longest serving member of the Board and her deep knowledge of the company and its financial processes will be invaluable in the period ahead.
Authorised by Senator the Hon Mitch Fifield, Liberal Party of Australia, Parliament House, Canberra.