David Smyth joins Voneus as new CFO

Voneus is delighted to announce the appointment of David Smyth as Chief Financial Officer.

David will oversee Voneus’ continued strong financial performance, as we step up our efforts to upgrade our customers to gigabit-capable broadband and expand into new hard-to-reach areas across the UK.

David joins with a wealth of valuable experience from telecom companies, most recently as CFO of Gigaclear, the full-fibre rural broadband operator, where he led the Finance, HR, Strategy, Legal, Facilities, and PMO teams and facilitated a near doubling in size of the company.

Prior to Gigaclear, David sat on the Board of a UK-listed software business and a high growth NASDAQ-listed broadband company operating throughout Russia. This followed a hugely successful 12-year period as Strategy and IR Director at Orange, the mobile operator, which he joined two years before it launched service, built and ultimately helped sell to France Telecom for £25bn.

“I am excited to be joining Voneus, whose mission to level up rural and hard-to-reach communities is close to my heart. No family, individual or business should be disadvantaged in Britain today because of poor broadband, no matter where they are,” said David. “I join at a time when Voneus’ customer base is experiencing a rapid expansion and I look forward to working with the team to further expedite this growth.”

“This year, Voneus enters a new chapter as we look to upgrade a large number of our existing customers to gigabit-capable fibre broadband and reach hundreds of new customers with our fixed wireless technology. David will play a key role in supporting our ambitious plans by managing, mentoring and empowering our finance and operational support teams to add value across the business,” said Steve Leighton, CEO at Voneus. “He is a strategically-minded, highly talented individual and we are delighted to have him on board.”

David replaces Graham Wallace, one of the founding members of Voneus, who has served as CFO since 2011. During Graham’s tenure, Voneus experienced rapid and consistent growth, while he also played a pivotal role in securing the company’s 2019 investment from Macquarie Capital.

“Graham’s contribution to Voneus over the last nine years has been immense and we can’t thank him enough for his dedication,” continued Steve. “Under his watch, the company has grown from scratch to be one of the largest providers of rural broadband in the UK and he was instrumental in securing external investment that’s helping us close Britain’s digital divide.”

Graham commented “I’m happy to be leaving the Company in safe hands as it now has the strategy and funding to develop a steeper trajectory of growth and care for our customers. I have developed deep and lasting friendships in Voneus with a very talented team but am now looking forward to my next venture.”

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