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NBN Co chair Dr Ziggy Switkowski to step down

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NBN Co has unveiled a board shakeup with Dr Ziggy Switkowski set to go away his function as chair on the finish of the yr, with present board member Kate McKenzie to succeed him.

The vacant board spot will probably be crammed by Nerida Caesar, who will probably be a non-executive director for 3 years from January 1, 2022.

All three – Dr Switkowski, McKenzie and Caesar – have been at one time former senior executives at Telstra.

Dr Switkowski has been NBN Co board chair since 2013, and was twice re-appointed for added three-year phrases.

The latest re-appointment would have had him full his time period in October 2022; nevertheless, right this moment’s announcement means he’ll end up by the tip 2021 as a substitute.

Again in August, Dr Switkowski was named as Crown Resorts chair; he was pressured to step down from his different function as RMIT chancellor not lengthy after.

Finance minister Simon Birmingham and Communications minister Paul Fletcher collectively thanked Dr Switkowski “for his years of excellent service as chair of the board.”

“In his capability as chair, Dr Switkowski oversaw the completion of the preliminary construct of the community and the start of NBN Co’s transition to a mature working firm,” the 2 ministers mentioned in a press release.

“Dr Switkowski additionally oversaw NBN Co’s method to non-public debt markets and the substantial discount within the Commonwealth mortgage” – the latter being a reference to the quantity NBN Co must refinance.

His alternative, Kate McKenzie, was previously the chief government of Refrain New Zealand along with being a longtime Telstra government.

Caesar, in the meantime, “is a non-executive director of Westpac, a member of its expertise committee, and authorized, regulatory and compliance committee,” the federal government mentioned, noting her former government roles at Telstra, Equifax, and IBM.

“These appointments will add to the power of the various management making up the board and can proceed its deal with overseeing the transition of NBN Co to its operational part following the completion of the community construct,” the ministers added.

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