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New Eircom chief executive

Eircom has appointed a new chief executive.

Richard Moat (inset) was previously chief finance officer, and he replaces Herb Hribar. He has been a director of Eircom since 2012, joining after the company emerged from examinership under the control of a group of lenders led by US-based Blackstone Group.

"On behalf of the Board, I would like to congratulate Richard on his appointment," Padriag McManus, Eircom chairman said.

"As CFO, he has been at the heart of the transformation and rejuvenation of the company over the past two years and he has demonstrated the knowledge, experience and enthusiasm required to lead the company through the next phase of its journey."