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Published on: 6/11/2008
Last Visited: 6/11/2008
Pierre Danon, chairman, Eircom
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Eircom's chairman, Pierre Danon, is stepping down to become chief executive officer of French telecommunications firm Numericable and Completel.
The state's largest telecommunications company has already started a search for Danon's successor and he is to remain in his current position until a new chairman is appointed.Danon has served as chairman of Eircom for the last two years, assuming his role when the group was sold to Australian investment firm Babcock and Brown.
"As chairman, Pierre played an active role in the progress of a number of significant initiatives including broadband rollout, local loop unbundling and next generation networks," said Rex Comb, CEO of Eircom.
"Pierre has been a tremendous asset to Eircom since he took up his position as chairman and we are sorry to see him go.
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For his part Danon is pleased with the progress made at Eircom over the past two years: "We have significantly accelerated the company's investment in the country's infrastructure, supported by a commitment to invest up to EUR1 billion by the end of 2009, taken major steps to open it to additional competition through local loop unbundling," said Danon.
"In the last nine months, revenues have grown by 5 percent and EBITDA by 9 percent, continuing to deliver strong performance for the company's shareholders, including its employees," he added.