NBN Co names former News Corp exec as new CFO

Former News exec replaces turfed NBN Co CFO Robin Payne

NBN Co's new chief financial officer, former News Corp CFO, Stephen Rue.

NBN Co's new chief financial officer, former News Corp CFO, Stephen Rue.

NBN Co chief executive, Bill Morrow, has appointed former News Corp executive, Stephen Rue, as the new chief financial officer.

Rue will replace Robin Payne, who left the job in April along with long-time and respected NBN Co head of corporate and commercial, Kevin Brown, and former and chief technology officer, Gary McLaren.

The changes were made shortly after the arrival of the Morrow. Prior to joining the company, Rue spent 17 years in leadership roles at News Corp Australia including a decade as chief financial officer. Morrow said Rue was a well-credentialed senior finance executive who had managed a business through a complex and high profile transformation.

He said Rue's transparent approach was welcome at a time when NBN Co was continuing to accelerate on its delivery. “Stephen is an enthusiastic and engaging executive and I look forward to working with him,” Morrow said. Rue will report to Morrow as a member of the Executive Committee and will join the team on 1 July.

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