Buckingham to chair Pentanet

10/09/2020 - 13:00

Bookmark

Save articles for future reference.

Navitas and iiNet alum David Buckingham is set to become chair of internet services-provider Pentanet ahead of its widely tipped ASX listing.

David Buckingham spent seven years in executive leadership with iiNet. Photo: Attila Csaszar

Navitas and iiNet alum David Buckingham is set to become chair of internet services-provider Pentanet ahead of its widely tipped ASX listing.

Pentanet had reportedly lined up brokerage firms Euroz Securities and Moelis Australia in March to undertake a $5 million pre-IPO raise.

The Balcatta-based company, which claims to provide internet speeds above what can be offered by the NBN, maintains a robust presence in Perth with coverage available to more than 80 per cent of the city’s metropolitan area.

Mr Buckingham worked with iiNet between 2008 and 2015 before leaving to become chief financial officer of Navitas.

He left the company in 2019 after it was acquired by a consortium led by BHC Capital, and was replaced as chief executive by Scott Jones, son of Navitas founder Rod Jones.

Mr Buckingham now sits on the board of ASX-listed Nuheara.

In a statement, Mr Buckingham called Pentanet a prime example of a successful, entrepreneurial local company built by people with a passion for technology.

“From my experience, using the best technology available to deliver the best outcomes for customers leads to successful growth,” Mr Buckingham said.

Pentanet managing director Stephen Cornish praised Mr Buckingham’s experience with iiNet and said he was excited about him joining at a pivotal time for the business.

“Having access to his experience will be immensely valuable and I look forward to working alongside him in the next phase of Pentanet’s growth,” Mr Cornish said.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options