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10 August 2012

Lebara Names David Moffatt Chief Executive Officer and Yoganathan Ratheesan Chairman of Lebara Group

LEBARA NAMES DAVID MOFFATT CHIEF EXECUTIVE OFFICER AND YOGANATHAN RATHEESAN CHAIRMAN OF LEBARA GROUP
Lebara Group today announced that David Moffatt has been appointed Chief Executive Officer, effective 10 August 2012. Yoganathan Ratheesan will become the Chairman of Lebara Group after holding the position of CEO since he co-founded the company in 2001.
At the company’s 10th anniversary in 2011, Yoganathan announced the company’s ambition to be the brand of choice for 1 billion people by 2020.
Yoganathan Ratheesan commented: “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. 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.”
David Moffatt added: “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.”
David spent nine years at Telstra, Australia’s largest telecoms company first as Chief Finance Officer and Group Managing Director of Finance and Administration and subsequently as Group Managing Director, Consumer. Under David’s leadership, the company launched the innovative new T-Life retail experience, implemented Market Based Management and migrated its customers to NEXT G, Australia’s leading mobile telecommunications network. Between 2006 and 2009
David’s Business unit outgrew its major competitor by more than AUD$1 billion top and bottom line. Prior to Telstra, David was instrumental in establishing GE Capital in Australia. GE Capital is the world’s largest, diversified financial services company and David was CEO of the Australian business between 1995 and 2001. David has won several industry awards and supported a wide range philanthropic organisations and projects.
Yoganathan co-founded Lebara in 2001, at the age of 25 with partners Leon R. Ranjith and Kandiah Baskaran, with the clear aim of transforming the international calling market by providing ethnic and migrant communities with high quality, low cost solutions for keeping in touch with family and friends. More than ten years on, Lebara is one of the Europe’s fastest growing mobile companies, with some 4 million active customers, 1,000 employees and operations in eight countries. In the last three years the company has increased it profitability and grown its revenues by more than €278 million.
For further information please contact:
Charlotte Black
Fleishman-Hillard
Tel: 020 7395 7124
Email: [email protected]
About Lebara
Lebara is one of Europe’s leading mobile telecoms operators, enhancing the lives of ethnic and migrant communities by providing high quality and low cost international mobile products and services. Lebara provides Pay As You Go mobile SIM cards and related products and services customised to serve the international communities in seven European countries as well as Australia. In March 2011, it expanded its services by launching Lebara Money in the UK, a simple and secure MasterCard® prepaid card, offering highly competitive exchange rates and no transfer fees for customers wishing to send money abroad.
In March 2012, Lebara was awarded the “Best Customer Service” Award for the second year running at the UK’s Mobile News Awards 2012, beating fierce competition. Lebara also received the “Best Mobile Virtual Network Operator (MVNO)” accolade for the third year running. The awards recognise excellence, best- practice and innovation in the UK’s mobile telecommunications industry. In addition, Lebara was the recipient of a Best Company ‘one to watch’ award in January 2012. For more information visit www.lebara.com.