Following a rigorous appointment process, the Board of JT Group has announced the appointment of Daragh McDermott as its new Chief Executive Officer.
Daragh (pictured) takes over with immediate effect from Interim CEO John Diamond.
He has worked in JT for over 20 years, with a key role across all strategic decisions during that time, from the rollout of fibre to the creation and development of JT’s recently sold IoT business. The Board concluded that Daragh’s experience and deep understanding of the business made him the ideal person to lead the company into its next phase of development.
Chairman of the JT Group, Phil Male, commented: “JT has a proud tradition of developing its people, and it is with great pleasure that we have appointed Daragh to the role of Chief Executive Officer.
“He has an exceptional track record of service to JT and understands the business and the ambitious five-year strategy recently approved by the Board and our shareholder. We ran a thorough process, overseen by the Jersey Appointments Commission, and I am delighted that we are now able to announce Daragh’s successful appointment. He thoroughly deserves this opportunity and I am certain that our people, our customers and our stakeholders will join me in congratulating him.
“I would also like to thank John Diamond for his hard work as Interim CEO – his calm and incisive leadership has been a real asset to all at JT.”
Daragh McDermott added: “It is a huge privilege to step up to the position of CEO and to continue working with the fantastic team here in JT to take full advantage of the opportunities that lie ahead, as well as manage some significant challenges that are coming down the line. Central to this will be putting customers interests’ at the very heart of what we do, while continuing to invest heavily in the Channel Islands’ critical national infrastructure and rebuilding and growing our international portfolio.
“Our ambitious investment plans for the next five years will see JT invest in excess of £100m in our networks and I want to ensure this is done in a way that benefits both the wider economies that we serve and every single customer that will be making use of the reliable and robust world-class networks that we operate.”