Davnet's group chief operating officer and executive director Robert 'Hal' Turner has been appointed CEO of the local IP-based telecommunications carrier Davnet, succeeding Stephen Moignard, founder and outgoing CEO of the company.
While Moignard relinquishes his role as group chief executive and MD to pursue other tech-related business interests, he remains a non-executive director at Davnet, officials said. He said he also intends to retain his position as Davnet's largest individual stakeholder.
Davnet chairman Bill O'Shea said Turner's experience as COO of Davnet since May 2000 would ensure the company's future was in "good hands".
Moignard said of the succession: "Last year, we recruited Hal noting that his experience and expertise were what Davnet needed to continue the company's drive towards sustained international growth and profitability. The board of directors is unanimously satisfied with how Hal has made his mark as the next endorsed leader of the Davnet business."
The CEO of New World Telephone in Hong Kong before joining Davnet last year, Turner reportedly has more than 20 years management experience in global telecommunications.
However, Moignard's performance at Davnet's helm since the carrier formed in 1998 may be a hard act to follow. Moignard took the integrated broadband communications provider (the only one in Asia) from a starting market value of $1 million to $320 million today.
Turner said his immediate challenge lies in retaining Davnet's first-to-market position in the region, while at the same time seizing the forces of telco industry consolidation. He added that Davnet was making progress in roll-out programs in the US and Canada.
Since cutting his teeth in the telco industry in 1977 at AT&T, Turner has held an array of CEO-level positions with BellSouth Communications, TeleZone Corporate, PTT Telecom Netherlands in America, EON Corporation and at EqualNet Commmunications.