Musical Chairs as UK ISP TalkTalk Swaps Finance Chief

Broadband ISP TalkTalk has today announced another change at the top as the operator’s Chief Financial Officer (CFO), Iain Torrens, steps down. Iain will be replaced by Kate Ferry, who is currently the Group Strategic Corporate Affairs Director at Dixons Carphone.

Kate has been with Dixons Carphone since 2010 and prior to that she was a retail analyst (Director) at Merrill Lynch. Kate has also been an Audit Manager at PwC, where she qualified as a Chartered Accountant. She clearly knows a thing or two about the financial side of things and that’s something that debt suffering and broadband subscriber bleeding TalkTalk could certainly benefit from.

Sir Charles Dunstone, TalkTalk’s Executive Chairman, said:

“On behalf of the Board, I would like to thank Iain for his hard work over the last few years. He has been a valued member of the TalkTalk team and the Board and we all wish him well for the future. I am also delighted to welcome Kate to TalkTalk. As we continue our journey under the new leadership team and with a refocused direction, Kate brings a wealth of experience to the role.

Her skills will work really well at TalkTalk and we’re looking forward to working with her as we focus on delivering our new and exciting plan for the business.”

Recently Dunstone has been making a few big changes at the top of TalkTalk, such as the recent departure of embattled former CEO Dido Harding in favour of Tristia Harrison. But investors will be expecting to see more than just a change of internal name tags.

The appointment of Kate Ferry, which hasn’t yet been given a solid changeover date, comes just ahead of the provider’s next general meeting and trading update.