- The CEO of amaysim, Julian Ogrin, is leaving to take up a role at cable TV player Foxtel.
- amaysim founder Peter O’Connell will replace him.
- The junior telco also upped its profit guidance based on stronger sales.
Julian Ogrin, who has been CEO of junior telco amaysim since 2015, is leaving to take up an executive position in the newly merged Foxtel and Fox Sports.
He is being replaced by Peter O’Connell, a founder of amaysim who was Chairman until June 2015 and a non-executive director until now.
In early trade, amaysim shares jumped 4%. However, a short time ago they were at $0.845, up 0.6%.
“It has been a privilege to lead amaysim during a pivotal period as we transformed from a private to a publicly listed company and embarked on a diversification strategy. I’m proud that, despite the changes in our business and industries in which we operate, we have kept true to our values as a challenger brand focused on delivering an exceptional customer experience,” Ogrin said.
Peter O’Connell, the new CEO, has held senior executive and board roles at Optus Communications, BellSouth, eircom (Ireland’s national carrier) and Meteor (Irish mobile operator).
He is the founder of Hargrave Consultants, a boutique advisory business in telecommunications and technology, and was previously a partner at Minter Ellison and Gilbert & Tobin.
“I’m delighted to take the CEO position and excited to lead this company, which I cofounded in 2010 and have remained passionate and committed to. I look forward to the challenges and opportunities of this role,” O’Connell said.
Chairman Andrew Reitzer says O’Connell’s appointment comes after consideration of the company’s strategic plans as well as the skills, experience and attributes necessary for amaysim’s future growth.
amaysim also released new earnings guidance on the back of “solid growth” in the year to date in subscribers across mobile, energy and
“The company’s diversification strategy is providing growth and resilience in the business and puts it in a much stronger position to face unprecedented competition in mobile than when it listed in 2015,” the company says.
“The management team has been proactively positioning the company for the changing dynamics in the mobile sector.”
The company in October last year launched itself as a energy utility with no lock-in contracts and discounts which don’t expire.
amaysim, the mobile sim card company, is forecasting net revenue in the full 2018 year of between $573 million and $583 million.