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The Federal Government said it will work with the NBN Co Board on transitional arrangements.

NBN Co Limited Chief Executive Officer (CEO), Stephen Rue, has advised the NBN Board of his resignation, following six years in the role and more than a decade with the company.

The Federal Government acknowledged and thanked Mr Rue for his strong leadership of the National Broadband Network.

The government wished Mr Rue the best for his next role as Optus CEO, and said it considers a strong and competitive sector important for the long-term interests of Australian consumers.

During Mr Rue’s tenure as CEO and Executive Director of the NBN Co Board, the NBN has delivered significant high-speed broadband upgrades to Australian households and businesses, helping to narrow the digital divide for communities in regional, rural and remote areas.

Mr Rue oversaw the completion of NBN Co’s Special Access Undertaking, which provides certainty to NBN’s wholesale pricing for consumers and businesses, and has been accepted by the Australian Competition and Consumer Commission as being in the long-term interests of end-users.

The NBN Board advised that Chief Financial Officer, Philip Knox, will become the interim CEO in due course until a new CEO is appointed by the Board.

The Federal Government will continue to work with the NBN Co Board on transitional and governance arrangements.

 Image: https://www.shutterstock.com/g/gorodenkoff 

Assistant Editor, Utility magazine

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