Spring Fibre Appoints CFO Ahead of UK Full Fibre Rollout

Alternative network builder Spring Fibre, which is still in the very early stages of deploying a new 10Gbps capable wholesale Fibre-to-the-Premises (FTTP) broadband network for UK ISPs (starting in Lincolnshire), has today appointed Sarah Herriman as their new Chief Financial Officer (CFO).

Sarah is said to bring extensive experience in optimising financial performance and shareholder value in the telecoms sector. After qualifying as Chartered Accountant at PwC, Sarah has also previously held roles at Vodafone, Evero and most recently as Director of Finance at Neos Networks.

The operator, which was initially backed by Kingsley Capital Partners and telecoms specialist Graphite Strategy, is known to have secured an investment of “up to” £155m from R&M’s (River and Mercantile) infrastructure business to support their aim of covering 1 million premises in England (here).

Gareth Greppellini, CEO of Spring Fibre, said:

“I am delighted to be joined in the next stage of the Spring Fibre journey by Sarah. Sarah joining reinforces the Board’s commitment to our growth agenda and Sarah’s support of our strategy. With initiatives already in motion, we look forward to an accelerated 2024 and celebrate Sarah being part of our Leadership team.”

We have also asked for an update on the operator’s roll-out plan and progress, but so far there doesn’t appear to be anything new to report.