Broadband ISP KCOM Appoints Tim Shaw as its New CEO

Hull-based ISP KCOM, which is deploying a new Fibre-to-the-Premises (FTTP) broadband network across East Yorkshire and North Lincolnshire in England (here), has today replaced their previous Chief Executive Officer (CEO) – Dale Raneberg – with the current MD of their Wholesale & Networks division, Tim Shaw.

Dale, who has overseen the company’s expansion to cover over 250,000 premises since it was gobbled up by Macquarie Infrastructure for £627m in 2019 (here), is understood to be leaving the company to focus on other roles with Macquarie. On that front, we note that he recently became a Non-Executive Director at two other telecoms related firms in Poland – Fiberhost and INEA S.A.

By comparison, the newly promoted Tim Shaw will now be expected to oversee both KCOM’s W&N and Retail divisions, as it sets out its plans for future growth and further investment in its full fibre network.

A KCOM Spokesperson said:

“We would like to thank Dale for his stewardship during what have been pivotal years for KCOM following its acquisition by Macquarie Asset Management, Real Assets (MAM) in August 2019.

This was a period of significant change for the company with the creation of a commercial wholesale business unit, launch of the £100m first phase of the expansion of the fibre network outside its heartland, sale of KCOM’s national ICT business, and completion of a capital raising all while delivering significant growth in the existing customer base and performance improvement in group earnings, employee engagement, customer NPS and ESG benchmarks.

During this time our business achievements have been recognised with several national awards, including winning the European Broadband Award for quality and affordability, the ISPA Award for Best Consumer Internet Service Provider and, most recently, the National Technology Award for Telecoms Project of the Year.

We wish him well as he leaves KCOM to focus on other roles with Macquarie.

We are delighted that Tim has agreed to step up to become Chief Executive Officer, bringing with him the same knowledge and enthusiasm to the business at a group level that have seen KCOM W&N make huge strides forward in recent years.”

End.