Hyperoptic appoints Richard Woodward as CFO

Hyperoptic, a leading full fibre broadband provider, today announces that it has appointed Richard Woodward as its new CFO, reporting directly into Dana Tobak, Hyperoptic’s co-founder and CEO.

Richard has worked in the TMT sector for 25 years in a variety of senior corporate finance and operational roles, both in the UK and internationally. Since 2010 he was the CFO, and subsequently the Chief Commercial Officer, of the UK mobile operator Three.  During his tenure at Three, Richard was responsible for a variety of commercial functions in addition to his traditional CFO accountabilities, including financial operations, developing its wholesale business, launching and growing Three's sub brand, SMARTY, and as Chief Commercial Officer, the commercial and customer performance of all the Three branded products. 

Richard succeeds Peter White, who has run Hyperoptic’s finance and risk division for the last two years. Peter joined Hyperoptic to support the company with its next round of private equity funding, which he secured in October 2019 when KKR, a leading global investment firm, became Hyperoptic’s majority shareholder.

At Hyperoptic, Richard will be responsible for the finance, risk, procurement, legal and regulatory functions within the business. He will also be providing strategic input as part of Hyperoptic’s executive C-suite.

Richard Woodward, CFO, Hyperoptic: “Hyperoptic has been a pivotal player in the gigabit revolution taking place across the UK. It’s a hugely important sector that is set to scale massively over the next five years, delivering on the UK’s vision for connectivity. I am very excited to be joining Dana and the rest of Hyperoptic’s leadership team to help drive the company’s growth ambitions and deliver value to both Hyperoptic’s shareholders and its customers.”

Dana Tobak, CEO, Hyperoptic: “The race is on to Gigabit Britain, and we are committed to deliver on our vision of connecting as many people as possible to our full fibre network. For Hyperoptic to secure the market share it deserves, we need to have the best and brightest people working together and going beyond the expected. Richard brings a wealth of strategic, financial and operational experience working in rapidly-growing businesses and is a welcome addition to our board.”

About Hyperoptic

Hyperoptic was founded in 2011 to shake up the UK broadband market with its “full” fibre optic technology. It offers consumers and businesses gigabit-capable broadband with average speeds of up to 900Mbps, which is over 12x faster than the UK average, and is rated 5* on Trustpilot.

It works with property owners, developers and professionals, designing and installing dedicated fibre infrastructure to new buildings and existing developments. It focuses exclusively on high density urban areas.

The company has been awarded the ‘Best Superfast Broadband’ provider by the Internet Service Providers’ Association for six years running. It has also been listed in the Sunday Times Sage Tech Track 100 for four years in a row. In the last year it’s been recognised as the ‘Fastest Ultrafast Provider (downloading)’ and ‘Fastest Ultrafast Provider (uploading)’ by the Broadband Genie awards and won both ‘The Service Award’ and ‘The Innovation Award’ at the inaugural Compare the Market Simples Awards.

For more information, please see: https://hyperoptic.com/  or email press@hyperoptic.com