Media Releases → 2024

JOINT MEDIA RELEASE

Departure of NBN Co CEO

SENATOR THE HON KATY GALLAGHER
Minister for Finance
Minister for Women
Minister for the Public Service
Senator for the ACT

THE HON MICHELLE ROWLAND MP
Minister for Communications

Date: Monday, 6 May 2024

CEO of NBN Co Limited, Mr Stephen Rue, has advised the NBN Board of his resignation, following six years in the role and more than a decade with the company.

The Government acknowledges and thanks Mr Rue for his strong leadership of the National Broadband Network, which is ensuring Australia is better connected than ever.

The Government wishes Mr Rue the best for his next role as Optus CEO, and considers a strong and competitive sector important for the long-term interests of Australian consumers.

During Mr Rue’s tenure as CEO, and Executive Director of the NBN Co Board, the NBN has delivered significant high-speed broadband upgrades to Australian households and businesses, helping to narrow the digital divide for communities in regional, rural and remote areas.

Mr Rue recently oversaw the completion of NBN Co’s Special Access Undertaking, which provides certainty to NBN’s wholesale pricing for consumers and businesses, and has been accepted by the Australian Competition and Consumer Commission as being in the long-term interests of end-users.

The NBN Board has advised that Chief Financial Officer Philip Knox will become the interim CEO in due course, until a new CEO is appointed by the Board.

The Government will continue to work with the NBN Co Board on transitional and governance arrangements.

[ENDS]

Media Contact(s)

Lisa Glenday (Gallagher)
M: 0403 931 209 E: lisa.glenday@finance.gov.au

Adam Boidin (Rowland)
M: 0406 009 019 E: Adam.Boidin@mo.communications.gov.au