Serial technology entrepreneur Bevan Slattery will step down as CEO from his connectivity services firm Superloop to focus more on the company's strategic initiatives.
Slattery will now serve as an executive director at the company. He will be replaced by Drew Kelton - a director at one of Slattery's other companies, Megaport - as CEO from July 1.
Superloop chairman Michael Malone said it became "increasingly clear to [Slattery] that his greatest value-add was focusing on the strategic opportunities for Superloop”.
“As the founder of Superloop, no-one has invested as much expertise and time as Bevan to get the company to where it is today," Malone said in a statement.
Slattery retains his 26.8 percent holding in the company.
Kelton has been serving as Megaport’s non-executive director since late 2015. He is also the non-executive chair of cloud security services firm Firstwave Cloud Technology.
Kelton comes to the $500,000 annual base salary position with a “global perspective and significant understanding of ICT and telecommunications infrastructure”, Malone said.
“His experience integrating acquisitions and developing new income streams, and incorporating technological change and disruptions into industries and business models will help drive Superloop through its next growth phase.”
Kelton said he was “extremely excited” to take up the role and help expand the company’s network across Asia.
He comes with 25 years’ experience in senior leadership roles across the likes of DocuSign, T-Mobile Business, Bharti Airtel, Telstra International, Satum Global, IXNET, and Impelus.