Eircom boss out after pulled IPO

HERB Hribar, chief executive of Irish telecom company eircom, is stepping down from his position, it was announced yesterday.

His decision comes just two weeks after the company announced it would not proceed with a stock market listing due to shareholder opposition. Hribar decided not to renew his contract with the company. Eircom’s finance chief, Richard Moat, has been appointed acting chief executive.