NJJ Telecom Europe completes deal for majority stake in eir

Business, Irish News | Tue 10 Apr | Author – Business & Finance
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Xavier Niel

The acquisition of a majority stake in eir by NJJ Telecom Europe has now been completed. Following this, a new Board of Directors, CEO and CFO have been announced.

NJJ Telecom Europe is part of the NJJ Group, the private investment firm of Xavier Niel, the telecoms investor and operator. The news that a majority stake acquisition would take place at eir was originally announced in December.

The new board of directors, operating for eir’s operating company in Ireland, Eircom Holdings Ireland Limited, will be as follows:

  • David McRedmond (Chairman)
  • Paddy Browne
  • Rose Hynes
  • Richard Moat
  • Pádraig Ó Ríordáin
  • Fiona Tierney
  • Michael Golan
  • Xavier Niel
  • Olivier Rosenfeld

David McRedmond, Non-Executive Chairman, said: “The company will benefit greatly from having such a high-calibre board of directors with strong Irish roots, a deep understanding of the Irish rural and urban landscape, specific knowledge of the company and extensive telecommunications expertise. The board will work closely with the management team to ensure the future success of the company.”

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David McRedmond

Carolan Lennon has been appointed Chief Executive Officer (CEO). She was previously Managing Director of eir’s networks and wholesale division, open eir, sine October 2016. She has held many senior roles across eir, including Acting Managing Director Consumer and Chief Commercial Officer Consumer. Before joining eir, she was Consumer Director and Marketing Director at Vodafone Ireland. Carolan is also a Non-Executive Director of AIB Group plc and the Irish Management Institute and sits on the board of the Council of Patrons for Special Olympics Ireland.

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Carolan Lennon

Carolan Lennon said: “I am looking forward to managing eir into the next phase of its development. I will work with a new senior management team, all of whom have been appointed from within eir and who have substantial industry knowledge and market experience. The new management team reflects the importance of talent development and embraces gender diversity, themes that are extremely important to me. I am confident that we can, together with the board, build the best fixed and mobile network in Ireland, offer the highest-quality products and deliver a first-rate customer care service for the Irish people.”

The new Chief Financial Officer (CFO) will be Stephen Tighe, who has over 15 years of business experience. Since October 2013 he has been Finance Director for eir’s Consumer division, the largest within the group; since July last year he has held the post of Interim Chief Commercial Officer. Prior to this he was Finance Director in both the open eir division and Business division.