Bath-headquartered broadband provider Truespeed has announced the appointment of a new chief executive.
Nelson Missier is the company's current chief commercial officer and will take over from James Lowther, who is leaving the business at the end of the year.
Mr Missier has more than two decades of experience in the telecoms sector, including as managing director for Europe for Storytel and as commercial director for Tele2 in Sweden. Before that he worked for Booz & Company, BT Group and Vodafone India.
“I would like to thank James for leading us to a strong position with significant customer and financial growth over the last four years; he has been pivotal to scaling up Truespeed from a start-up in the South West to a fast-growing company with a strong, collaborative culture and best-in-class capabilities," he said.
"We wish him the very best in his next adventure. I am excited to lead the business as we continue to deliver truly better broadband to our customers in the South West and East of England. With a strong challenger brand, an exceptional product, and a committed team behind me, I look forward to growing Truespeed’s customer base and profitability.”
Mr Lowther joined Truespeed in December 2021 and has overseen the growth of the business from 9,000 customers to 41,000.
He said: “It will be an emotional day when I leave Truespeed and its excellent team of dedicated and motivated individuals which stretches from the directors throughout the whole company.
"I am proud that this team has, since I joined in December 2021, transformed Truespeed into a dynamic business, growing from 31,000 to 177,000 Ready-For-Service premises."
Mr Lowther said Mr Missier had played a "significant part" in the company's success.
"He is a highly capable leader who has been at the heart of driving the development of Truespeed into the excellent brand we have today," he added.
"I am delighted to be passing the baton to Nelson and have every confidence that with this capable and motivated team he will continue to drive the business forward at pace."
Truespeed chair, Clarke Osborne, said: "I speak for the whole board in thanking James for his dedication and hard work that has transformed Truespeed and in wishing him every success for the future. He has been a pleasure to work with.
“We are very fortunate that Nelson Missier, a senior member of the Truespeed Executive team, has the experience, capability and motivation to step seamlessly into the role of CEO."
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