Rakon Welcomes Drew Davies for the role of CFO as Anand Rambhai Resigns

Rakon has announced that Drew Davies has joined the company as its new Chief Financial Officer, effective from 24 October 2023. Drew takes over the position from the outgoing CFO, Anand Rambhai, who, after nearly 12 years with the company, has given notice of his resignation to pursue other opportunities. Anand will continue to assist in the CFO transition until 22 December 2023.

Anand has played an integral role in Rakon’s journey over the past decade. His dedication, hard work, and commitment have been instrumental in shaping Rakon’s financial strategy and contributing to the company’s growth. As he embarks on his next chapter, we extend our best wishes for his continued success and express our gratitude for his significant contributions.

Drew brings a wealth of experience to the role, having previously held CFO positions, served on boards of directors, and held executive leadership roles in both the US and New Zealand during his 30-year career.

Most recently, he served as the CFO of 2degrees until the company’s acquisition by two Australian Superfunds in 2022. During his tenure at 2degrees, Drew led several transformative initiatives, including guiding the company through the IPO process for its listing on the Australia and New Zealand Stock Exchanges.

Before his role at 2degrees, Drew served as the CFO and later as the Executive Vice President of Corporate Development for Trilogy International Partners, a multinational Mobile Telecommunications company with operations in the United States, New Zealand, the Caribbean, and South America. During his nine-year tenure with Trilogy, Drew managed numerous High Yield Debt and Equity transactions and also served as a Director and Board member for various Trilogy companies.

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

CEO Sinan Altug emphasized that Drew’s extensive experience and proven track record align seamlessly with Rakon’s strategic direction. Drew’s financial expertise and strategic leadership will play a crucial role as Rakon continues to execute its growth strategy and deliver sustainable value to stakeholders.

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