Joint Media Release

Turnbull Government welcomes NBN Co CEO appointment

MC 54/18

Senator the Hon. Mathias Cormann
Minister for Finance
Leader of the Government in the Senate
Senator for Western Australia

Senator the Hon. Mitch Fifield
Minister for Communications
Minister for the Arts
Deputy Leader of the Government in the Senate
Senator for Victoria

22 August 2018

The Turnbull Government welcomes the appointment of Mr Stephen Rue as the new chief executive officer of NBN Co. Mr Rue will also replace outgoing CEO Mr Bill Morrow on the board of NBN Co as Executive Director.

Mr Rue will commence his new roles on 1 September 2018.

Mr Rue has been a member of the nbn Executive Committee since July 2014 and will lead nbn through the years ahead as it completes the network rollout and transitions to a self-sustaining operating model. Mr Rue has fulfilled the role of nbn Chief Financial Officer during the past four years, including transforming the organisation’s capability across its finance, procurement and supply functions.

Shareholder Ministers pay tribute to Mr Morrow for his exemplary leadership and vision at the helm of nbn over the past four years. The hallmark of Mr Morrow’s leadership is the 4.2 million connected nbn services across Australia, virtually all of which were achieved under his tenure.

To ensure continuity at the Board level as the nbn prepares for the post-rollout phase, the Government is re-appointing Dr Kerry Schott and Ms Shirley In’t Veld as non-executive Directors of NBN Co, for further terms of three years.

Ms In’t Veld’s legal, strategic business development, management and governance background contribute strongly to the skills mix of the nbn Board. Dr Schott is the longest serving member of the Board and her deep knowledge of the company and its financial processes will be invaluable in the period ahead.  

[ENDS]

Media Contact(s): 

For Minister Cormann: Karen Wu - 0428 350 139
For Minister Fifield: Guy Creighton - 0438 815 302

Senator the Hon Mathias Cormann, Minister for Finance and the Public Service, Perth