2degrees appoints chairman Sherriff as permanent CEO
Aug. 27 (BusinessDesk) - Two Degrees Mobile, which has about a fifth of the country’s mobile phone market, appointed
chairman Stewart Sherriff as permanent chief executive.
Sherriff has been acting CEO since Eric Hertz and wife Kathy died in a plane crash in March, and was today appointed to
the role full-time. He will keep the role of chair while the board looks for a replacement, and will resign as chief
technology officer at 2Degrees shareholder Trilogy International Partners.
“The board was drawn to Stewart’s experience with a range of overseas mobile operators, especially his success as CEO of
Ireland’s Meteor, which was the third entrant in a market with two dominant competitors,” said Andy Scott, head of the
company’s board recruitment committee. “We have great confidence that Stewart and his team can deliver even more value
to New Zealand mobile users.”
The mobile operator reported earnings before interest, tax, depreciation and amortisation of $4.4 million in calendar
2012, its first positive earnings since entering the market three years ago.