Lyca Group financial boss Richard Schäfer promoted to chief executive officer

Lyca Group chief financial officer Richard Schäfer has been promoted to chief executive officer He joined Lyca two years ago from rival MVNO Lebara where he was group financial officer.

Schäfer (main pic) has worked in UK and international telecoms for more than 22 years and has held positions at Three UK, Vodafone UK, Onecom, as well as Lebara.

Lyca Group claims to globally have16 million customers in telecommunications, entertainment, travel, healthcare and financial services.

“As the world’s largest MVNO, we have built a loyal customer base and there is a golden opportunity to extend that base by targeting a broader value-seeking market.. We will be relentless in delivering against our three priorities of value, customer service and reliability” he said.

Subaskaran Allirajah, Lyca Group Chairman (below), added: “I am delighted to announce Richard’s appointment as Group CEO. Since joining the business, he has already had a transformational impact. He will play a critical role in the ongoing growth of the Lyca Group internationally.”