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Rakon pleased to welcome Drew Davies as new CFO

Rakon 24 October 2023

We are pleased to announce that Drew Davies has joined Rakon as our new Chief Financial Officer (CFO) effective from today, 24 October 2023. 

Drew brings a wealth of experience to the role, having previously held CFO, board directorship, and executive leadership roles across the US and New Zealand during his 30-year career. 

Most recently he served as the CFO of 2degrees until the company's sale to two Australian Superfunds in 2022. During his time at 2degrees, Drew led a number of transformational projects including the IPO process for listing on the Australia and New Zealand Stock Exchanges.

CEO Sinan Altug says Drew's extensive experience and proven track record align perfectly with Rakon's strategic direction. His financial acumen and strategic leadership will be invaluable as Rakon continues to drive its growth strategy and create sustainable value for stakeholders.

Prior to his appointment at 2degrees, Drew was the CFO and then the Executive Vice President of Corporate Development for Trilogy International Partners, a multinational Mobile Telecommunications company doing business in the United States with operations in New Zealand, the Caribbean and South America. He conducted numerous High Yield Debt and Equity transactions during a nine-year tenure with Trilogy, also serving as a Director and Board member for a number of Trilogy companies.

Drew has also held a number of senior financial and operational roles with T-Mobile US Incorporated, along with other mobile telecommunications companies in the United States. Drew is a Certified Public Accountant.

He takes over the role from outgoing CFO Anand Rambhai who, after close to 12 years with the company, gave notice of his resignation to pursue other opportunities, but will continue to support CFO transition until 22 December 2023.

Anand has been an integral part of Rakon's journey over the past decade. His commitment, hard work, and dedication have been instrumental in driving Rakon’s financial strategy and contributing to our growth. As he embarks on his next chapter, we wish him every success and thank him for his significant contributions.

Nick Laurent
Investor and Media Relations
+64 21 240 7541