Lebara appoints David Moffatt as new CEO

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Former Telstra exec replaces ethnic MVNO’s co-founder Yoganathan Ratheesan, who becomes chairman of the Group

Lebara Mobile has appointed David Moffatt as its new CEO. Yoganathan Ratheesan has become chairman of Lebara Group after holding the position of CEO since he co-founded the company in 2001.

Moffatt (pictured left) spent nine years at Austrialin telecoms company Telstra, first as CFO and Group MD of finance and administration and subsequently as Group MD of consumer.

Prior to his time at Telstra, Moffatt was CEO of diversified financial services company GE Capaital in Austrlai between 1995 and 2001.

Yoganathan (pictured right) co-founded ethnic MVNO Lebara with partners Leon R. Ranjith and Baskaran Kandiah. The company now has around four million customers, 1,000 employees and operations in eight countries, including the UK. In the last three years the company has grown revenues by more than 278 million.

Moffatt said: “Lebara is one of Europe’s most exciting mobile telecoms companies. I am delighted to be joining such a dynamic and entrepreneurial team. The opportunity to help realise Lebara’s objective to improve the lives of migrant communities, by keeping them in close contact with their loved ones back home, resonates deeply with my personal values. It is an honour to accept this appointment.”

At Lebara’s 10th anniversary last year, Yoganathan announced the company’s ambition to be the brand of choice for one billion people by 2020.

“Lebara is ready to move to the next phase of our exciting business journey. We aim to build something truly phenomenal for our customers and from which future generations can benefit,” he said. “To help us on this journey, I will focus all my energy on the strategic development of the company, as Chairman, and I am delighted to appoint a new CEO who has the experience and passion to lead us in achieving our ambition to become the brand of choice for 1 billion people by 2020.”

“David Moffatt has a wealth of telecoms and financial services experience. He has the entrepreneurial spirit and drive it will take to lead Lebara to achieve our ambitious growth objectives. I am very proud of our achievements over the last 11 years and I look forward to working alongside David as we continue to deliver superior, low cost, high quality products and services for our loyal and growing customer base around the world.”

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