SINGAPORE--OpenNet, the network company (NetCo) tasked to install the passive fiber infrastructure for the country's next-generation national broadband network (NBN), will see a new CEO for the second time in less than two years.
According to a statement released Tuesday, the company said Khoo Chin Hean will be stepping down as CEO at the end of September 2012. When asked, the company said he was leaving due to "personal reasons". Current COO Mark Blake will assume the role of interim CEO effective Oct. 1.
Tan Gee Paw, chairman and independent director of OpenNet, said on behalf of the board: "The board of directors of OpenNet appreciates and is grateful to Khoo for his unwavering dedication, commitment and invaluable contributions to the company during the past two critical years."
Khoo is the second CEO to leave the post, after he.
Blake was appointed COO on Dec. 1, 2011, and was vice president of Asia-Pacific for Axia NetMedia--one of four partners in the OpenNet joint venture--before his secondment.
"I am encouraged that demand for fiber has been robust," he said in the statement. "We are committed to support the growth in demand for fiber services and will work closely with all stakeholders to build Singapore's NBN into a world-class fiber network."
The NetCo was in the news earlier this month when itfor it to fulfill 98 percent of residential orders within three working days and fulfill all orders within seven days. It will also have to complete 80 percent of orders from non-residential buildings within four weeks and fulfill all orders within eight weeks.
OpenNet said this rewrites the original NetCo contract, and changes made should be done through variations mutually agreed through negotiations.