The National Narrowband Network Co (NNNCo) today announced the appointment of ex-Vocus CFO Rick Correll as Director, Corporate Development in a newly created position.
“As the adoption of IoT accelerates in Australia and globally, NNNCo needs to scale the business effectively to meet that growing demand,” said NNNCo Founder and CEO Rob Zagarella.
“Rick’s deep commercial experience and ability to develop an enterprise-wide approach to building sustainable business will be of major importance as we move forward.”
Correll has worked in financial and general executive roles in a range of companies including Vocus, Austar, News Limited and Ernst & Young. During his tenure as CFO of Vocus Rick was a key driver of the telecommunications company’s journey from pre-IPO state to an ASX 100 company with market capitalisation exceeding $5b.
Mr Correll said, “I’m excited to work with this next big technology revolution that will transform the way we live. The information that enterprises and consumers can obtain through connecting their assets with sensors will not only save them time and money, but also improve the quality of life and work for many people.”
“NNNCo’s potential is unlimited. I believe the company can accelerate the take up and value add from successful IoT implementation through its end-to end-product set which allows essentially any IoT device and transmission network to be aggregated for the benefit of the end customer,” Correll added.
“Having proved its business model, NNNCo is now ready to scale the business to meet the mass adoption of IoT. I am looking forward to helping NNNCo anticipate and meet the steps required to scale.”
Correll’s appointment follows the recent announcements of Newcastle-based entrepreneur Chris Deere joining the NNNCo Board as well as the appointment of Tony Tilbrook as COO / CTO.