Hyperoptic, a leading full fibre broadband provider, today announces that it has appointed Richard Woodward as its new CFO, reporting directly into Dana Tobak, Hyperoptic’s co-founder and CEO.
Richard has worked in the TMT sector for 25 years in a variety of senior corporate finance and operational roles, both in the UK and internationally. Since 2010 he was the CFO, and subsequently the Chief Commercial Officer, of the UK mobile operator Three. During his tenure at Three, Richard was responsible for a variety of commercial functions in addition to his traditional CFO accountabilities, including financial operations, developing its wholesale business, launching and growing Three’s sub brand, SMARTY, and as Chief Commercial Officer, the commercial and customer performance of all the Three branded products.
Richard succeeds Peter White, who has run Hyperoptic’s finance and risk division for the last two years. Peter joined Hyperoptic to support the company with its next round of private equity funding, which he secured in October 2019 when KKR, a leading global investment firm, became Hyperoptic’s majority shareholder.
At Hyperoptic, Richard will be responsible for the finance, risk, procurement, legal and regulatory functions within the business. He will also be providing strategic input as part of Hyperoptic’s executive C-suite.
Richard Woodward, CFO, Hyperoptic: “Hyperoptic has been a pivotal player in the gigabit revolution taking place across the UK. It’s a hugely important sector that is set to scale massively over the next five years, delivering on the UK’s vision for connectivity. I am very excited to be joining Dana and the rest of Hyperoptic’s leadership team to help drive the company’s growth ambitions and deliver value to both Hyperoptic’s shareholders and its customers.”
Dana Tobak, CEO, Hyperoptic: “The race is on to Gigabit Britain, and we are committed to deliver on our vision of connecting as many people as possible to our full fibre network. For Hyperoptic to secure the market share it deserves, we need to have the best and brightest people working together and going beyond the expected. Richard brings a wealth of strategic, financial and operational experience working in rapidly-growing businesses and is a welcome addition to our board.”