Matthew Hare, founder, steps aside, Mike Surrey new Chief Executive
Rural full fibre broadband provider Gigaclear today announces that its Chief Executive, Matthew Hare, has stepped down from the company. He is succeeded by Mike Surrey, previously Chief Operating Officer, now Interim Chief Executive.
Matthew founded Gigaclear eight years ago and has led its development into the leading provider of ultrafast broadband direct to rural communities. Matthew has also been a vocal champion for these communities, lobbying hard on behalf of residents with Central Government, Local Government and Regulators, and was recently recognised in the Queen’s Birthday Honours List for Services to Broadband Provision in the UK.
Gigaclear has now provided full fibre gigabit broadband services to over 65,000 rural homes in the southern half of the UK, and has announced plans to reach over 350,000 homes and businesses by 2021.
Charles McGregor, independent Chairman of Gigaclear, said, “Having built Gigaclear into the most successful rural broadband company in the UK, Matthew has secured its financial future with the backing of institutional investors Infracapital and Railpen. I thank Matthew for his vision, energy and all the passion that he has brought to Gigaclear, and for setting the business on a course that will revolutionise the lives of millions of people across rural Britain.”
Stephen Nelson, Asset Management Director of Infracapital, added, “We have worked closely with Matthew since our first investment in Gigaclear in 2015 and would like to thank him for the considerable amount he has achieved. The opportunity for Gigaclear remains very exciting and we are fortunate to have in Mike Surrey a proven leader with deep knowledge of the company and its opportunities. We look forward to supporting Mike and the team in delivering the vision of bringing ultrafast, full fibre connectivity to rural Britain.”
Gigaclear is currently embarking on an ambitious schedule to full-fibre-enable rural properties in more than 20 counties over the next two years, many in conjunction with Broadband Delivery UK (BDUK).
Mike Surrey, Interim Chief Executive, said, “Addressing the striking imbalance in the provision of ultra-fast broadband between urban and rural communities in the UK remains our driving ambition. We are giving the countryside the gigabit advantage they deserve. My number one priority in the near term is to accelerate the pace of full fibre delivery to those communities to which we are committed, and I look forward to working with our stakeholders, our key suppliers and my hugely capable team to deliver upon that ambition.”