David Buckingham new iiNet boss

iiNet has confirmed David Buckingham as its new CEO. Buckingham had been the acting in the position since November last year and was appointed by the ISP’s board of directors after an extensive worldwide search.

His appointment follows the resignation in March of founder and CEO Michael Malone.

Buckingham had been the ISP’s chief financial officer and company secretary since January 2008. For 10 years prior, he was finance director, business division, at Virgin Media.

“Despite strong competition from applicants around the world, David proved an obvious choice as the person to lead iiNet now and into the future,” said iiNet chairman Michael Smith.

“David has made the role his own over the past nine months, delivering the company’s strongest ever results, market-leading customer service, and organic growth,” he said.

Smith said David has taken iiNet to a level where it can genuinely compete with some of the largest companies in Australia.

“The iiNet leadership team has chartered an exciting course for the business over the next five years, and David is the best person to deliver on this plan. The focus is to strengthen our market share, increase profitability and extend our customer service excellence into new business areas,” he said.

In February this year, iiNet reported a profit of $29 million for its half year ending December 31 2013, down 9 per cent on the same period in 2012.

Revenue was $493.1 million over for the half year, up four per cent on the previous year.